The Commercial Aircraft Corporation of China (COMAC) will hold in Shanghai a ceremony to witness the formal roll-off of homegrown C919 aircrafts on Monday.
The ceremony will also be held to mark China's capability to independently produce large passenger aircrafts. COMAC has already received orders from 21 customers to produce 517 C919 aircrafts. C919 is a short-medium-range commercial jet airliner independently developed by China.
It is also the second kind of homegrown large passenger aircraft after the country's Shanghai Y-10. Presumably priced at 50 million US dollars per plane, the 517 orders will bring more than 25.7 billion US dollars of sales revenue to the plane-maker, the Essence Securities estimated.
On China's A-share market, investors can focus on companies including AVIC Aero-Engine Controls (000738.SZ), Avic Electromechanical Systems Co. (002013.SZ), AVIC Aircraft (000768.SZ), China Aviation Optical-Electrical Technology (002179.SZ), Jiangxi Hongdu Aviation Industry (600316.SH), Sichuan Chengfa Aero-Science & Technology (600391.SH), China Avionics Systems (600372.SH) and AVIC Heavy Machinery (600765.SH), the Essence Securities added.
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