China’s planemaker gets US$9.9bil order for 100 C919 jets

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China’s planemaker gets US$9.9bil order for 100 C919 jets
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The deal could hurt US planemaker Boeing, which hasn’t secured a major order from Chinese carriers in years.

Commercial Aircraft Corp of China, or Comac, produces the C919, seen as a possible rival to Airbus and Boeing’s best-selling jets.

Commercial Aircraft Corp of China, or Comac, produces the C919, seen as a possible rival to best-selling jets from Airbus SE and Boeing. Thursday’s deal elevates the Chinese-made aircraft in terms of competitiveness, given it only made its first commercial flight in May, also operated by China Eastern.

The carrier will finance the purchase with its own funds, bank loans and proceeds from bond issues and other financing, it said.

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