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HNA buys 100 planes from Comac, giving China’s builder a leg up
The Commercial Aircraft Corporation of China (Comac) has received an order for 100 aircraft from HNA Aviation Group, which manages the fourth-largest fleet of aircraft in China. This deal gives the state-run manufacturer a competitive edge over Airbus and Boeing in the global aviation market.
At a ceremony attended by COMAC executives, members of the Chinese Communist Party (CCP), as well as executives from Hainan Airlines, Suparna Airlines, and Urumqi Airlines, HNA Aviation Group signed firm orders for 60 COMAC C919 aircraft and a “intentional order” for 40 ARJ1s.
The contract gives Comac a boost as it works to realise President Xi Jinping’s goal of challenging Boeing and Airbus’ supremacy in the domestic and even international markets. By 2035, China wants to have a 10% share of the domestic aviation market.
The Leap-1C engines produced by CFM and other components, notably the Chinese jet’s avionics, provided by Collins Aerospace are only two examples of the Western manufacturers on which the C919 strongly depends.
When the HNA Group declared its plan to acquire 200 C919s and 100 ARJ21s in 2018, it had already inked a preliminary agreement with COMAC.
