BEIJING, Nov. 19 (Xinhua) -- Commercial Aircraft Corp of China Ltd (COMAC) has announced that it would set up its C919 airplane final assembly line in Pudong New District of Shanghai, China Daily reported Thursday.
Construction of the Pudong base will start by year-end, and it aims to produce 20 homegrown C919 jets and 50 ARJ 21-series planes annually by 2016, the company said.
The Shanghai-based COMAC was established in May 2008 with 19 billion yuan in registered capital to take on Boeing and Airbus in China's fledgling but booming aviation market by building a homegrown 150-seat passenger aircraft.
The division, which has a registered capital of 2 billion yuan, is among COMAC's three key units responsible for aircraft design, manufacturing and service. Work on the manufacturers' research and development center started in Pudong's Zhangjiang Hi-tech Park this July.
China has become one of the world's fastest-growing aviation markets. According to the Civil Aviation Administration of China, the country's air passenger flow reached 191.9 million in the first 10 months this year, up 19.8 percent from a year ago.
(News from www.chinaview.cn)
