. Military Space News .
AEROSPACE
Lessor to buy 30 Chinese planes 'for Indonesian airline'
by Staff Writers
Shanghai (AFP) July 12, 2016


An aircraft leasing company will buy 30 of China's homegrown regional jets for an Indonesian airline to use, a statement said, just two weeks after the ARJ21 made its first commercial flight.

Beijing is keen to build an aerospace industry of its own, and almost all orders for the long-delayed ARJ21 aircraft -- which was supposed to have taken to the air years ago -- have so far come from domestic buyers.

Crucially it lacks the Federal Aviation Administration certification that would allow it to fly in US skies.

Commercial Aircraft Corp. of China (COMAC), China Aircraft Leasing Limited and Hong Kong-based Friedmann Pacific Asset Management said in a joint statement they had entered into "framework agreement" for the lessor to buy 30 ARJ21s, with options for 30 more.

In total the deal was worth $2.3 billion at list prices, and the aircraft would be used by an Indonesian airline, they said, without identifying the carrier.

The deal was announced on the sidelines of Britain's Farnborough air show.

The ARJ21 -- which stands for Advanced Regional Jet for the 21st century -- made its first commercial flight in late June, when Chengdu Airlines flew one from its home base to Shanghai.

The plane can seat 78-90 passengers and has a range of 2,225-3,700 kilometres (1,380- 2,294 miles). State-owned COMAC previously claimed more than 270 orders for the ARJ21, mainly from domestic customers.

Another Chinese company, AVIC Leasing Co., had also signed a purchase agreement with COMAC for 30 ARJ21 aircraft, COMAC said in a separate statement, but gave no value for the deal.

COMAC rolled out the C919, China's first domestically developed narrow-body passenger plane, in November last year as the company expands its offerings in hopes of competing against the likes of European consortium Airbus and Boeing of the United States.

China Aircraft Leasing has pledged to buy 20 of the C919 aircraft from COMAC under an agreement signed in 2011.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
AEROSPACE
Boeing sees 20yr demand beating targets as inks China deal
Farnborough, United Kingdom (AFP) July 11, 2016
Boeing on Monday boosted its 20-year forecast for the global aircraft market, lifted by demand from budget carriers and emerging markets, as it revealed a new multi-billion dollar deal to sell planes in China. Boeing said it expected overall demand for new planes over the coming 20 years to outstrip its previous forecasts by 4.1 percent, predicting total demand at a combined 39,600 jets wort ... read more


AEROSPACE
IMDO and MDA Complete Integrated Ground Test

Poland moves towards multi-billion-euro Patriot missile deal

Saudi intercepts ballistic missile from Yemen: coalition

Raytheon to conduct Patriot missile system diagnostics and repair

AEROSPACE
Russian Tor-M2U air defense system arrives in Siberia

Raytheon gets $23M Evolved Sea Sparrow contract

Varunastra missile handed over to Indian navy

Missiles to be tested at RIMPAC exercise

AEROSPACE
Teaching drones about the birds and the bees

US reveals death tolls from drone and air strikes

US-led forces destroy own combat drone after Syria crash

Drones to Keep Tabs on Light Pollution

AEROSPACE
SES Government Solutions Secures Contract for Thule Tracking Station DS3 Service

MUOS-5 secure communications satellite responding to ground control

How to Improve Enterprise Ground Services for Space

Testing Confirms Intelsat EpicNG Delivers a Whole New Ballgame

AEROSPACE
Finland in talks to buy used S. Korea howitzers

Northrop receives $103M counter-IED contract mod

Raytheon given U.S. Army projectile contract mod

Exide Technologies gets $30.7 million DOD grant

AEROSPACE
Guns, not roses: Conflicts fire up Bulgaria arms trade

CAE gets $111 million in UAE defense contracts

Senators look to block U.S. sale of bombs to Saudis for bombing of Yemen

US Navy admiral admits he lied in massive bribery scandal

AEROSPACE
China, India eye Asian Century as Brexit rattles old order

NATO faces up to Russia in Brexit's shadow

Why Brexit is bad for NATO, Europe's defence

With an eye on Russia, US and Georgia ink defence pact

AEROSPACE
'Nano scalpel' allows scientists to manipulate materials with nanometer precision

Tiniest imperfections make big impacts in nano-patterned materials

DNA shaping up to be ideal framework for rationally designed nanostructures

New 'ukidama' nanoparticle structure revealed









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.