December 20, 2014 2:25 PM ET

Aerospace and Defense

Company Overview of China Commercial Aircraft Co., Ltd.

Company Overview

China Commercial Aircraft Co., Ltd. engages in the research, manufacture, and flight tests of civil aircraft and related products in China. The company’s products include C919, a short-medium range commercial trunk liner; and a turbofan short/medium range regional jet. It also engages in marketing, servicing, leasing, and operations of civil aircraft; and offers passenger aircraft programs. The company was founded in 2008 and is based in Shanghai, China with additional offices in Beijing, China; Los Angeles, California; and Paris, France. It has a financial service center in Shanghai.

25 Zhangyang Road

Shanghai,  200120

China

Founded in 2008

Phone:

86 21 3858 8888

Fax:

86 21 3858 8800

Key Executives for China Commercial Aircraft Co., Ltd.

Vice-Board Chairman and President
Age: 48
Chief Financial Officer
Age: 58
Chairman and CPC Secretary
Age: 50
Vice Secretary of COMAC CPC
Age: 58
Vice President
Age: 57
Compensation as of Fiscal Year 2014.

China Commercial Aircraft Co., Ltd. Key Developments

Commercial Aircraft Corporation of China Signs an Agreement to Sell 30 C919 Single-Aisle Commercial Aircrafts to CMB Financial Leasing

Commercial Aircraft Corporation of China has signed an agreement to sell 30 C919 single-aisle commercial aircrafts to CMB Financial Leasing. Commercial Aircraft Corporation of China signed the agreement at the Zhuhai Airshow and orders for the C919 have risen to 430, most of which were ordered by home customers. The C919 is under research and development, and the company expects to compete with Boeing and Airbus with the aircraft. The first test flight of the C919 has been delayed to 2015, which leaves more time for Boeing and Airbus to improve the 737 Max and the A320neo.

Commercial Aircraft Corporation of China, Ltd. Signs an Intention Agreement of 20 ARJ21-700 Aircraft with Comsys Leasing Co. Ltd

Commercial Aircraft Corporation of China, Ltd. signed an Intention Agreement of 20 ARJ21-700 aircraft with Comsys Leasing Co., Ltd. This indicates that Comsys (Tianjin) Leasing Co., Ltd. has become the 17th customer of ARJ21 aircraft, and the total orders of ARJ21 aircraft have amounted to 278.

Boeing and Commercial Aircraft Corp. of China Open Facility to Transform Gutter Oil into Aviation Biofuel

Boeing and Commercial Aircraft Corp. of China opened a demonstration facility that will turn waste cooking oil, commonly referred to as 'gutter oil' in China, into sustainable aviation biofuel. The two companies estimate that 500 million gallons (1.8 billion liters) of biofuel could be made annually in China from used cooking oil. Boeing and COMAC are sponsoring the facility, which is called the China-U.S. Aviation Biofuel Pilot Project. It will use a technology developed by Hangzhou Energy & Engineering Technology Co., Ltd. (HEET) to clean contaminants from waste oils and convert it into jet fuel at a rate of 160 gallons (650 liters) per day. The project's goal is to assess the technical feasibility and cost of producing higher volumes of biofuel.

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