China-Russia joint venture to develop wide-body commercial jet
China-Russia joint venture to develop wide-body commercial jetA new joint venture involving Commercial Aircraft Corp of China (COMAC) and Russia’s United Aircraft Corp (UAC) was established in Shanghai on Monday. The company will mainly be responsible for the research and operation of a wide-body commercial jet co-developed by the two countries.
The Shanghai-based company, named China-Russia Commercial Aircraft International Co Ltd (CRAIC), has officially registered and obtained a business license.
The wide-body aircraft is expected to be delivered in 10 years, according to a timetable announced by COMAC last November at the Zhuhai Airshow.