financetom
Business
financetom
/
Business
/
Chinese planemaker COMAC expands overseas push with Hong Kong, Singapore offices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chinese planemaker COMAC expands overseas push with Hong Kong, Singapore offices
Oct 31, 2024 2:07 AM

*

COMAC launched Asia-Pacific office in Singapore on Monday

*

COMAC Hong Kong customer centre opened on Wednesday

*

Hong Kong airport to support C919 flight operations

(Adds bullets, Hong Kong airport C919 agreement in paragraph 5)

By Lisa Barrington

SEOUL, Oct 31 (Reuters) - Chinese planemaker COMAC said

on Thursday it has opened an office in Hong Kong - its second

outside mainland China this week - and has signed a deal to

support flight operations there as it tries to break into the

global passenger jet market.

COMAC's two commercial passenger planes are, with the

exception of one Indonesian airline, all flown within China. The

state-owned company wants to expand abroad at a time when Airbus

and Boeing ( BA ) are struggling to make planes fast

enough to meet demand.

The launch of the Hong Kong Office follows the opening of

COMAC's Asia-Pacific office in Singapore on Monday and the

company quoted Li Ling, COMAC deputy general manager, as saying

the Hong Kong office was an important step in the planemaker's

international strategy.

Hong Kong is a special administrative region of China with

its own civil aviation regulator. No COMAC planes currently fly

to the city or have been ordered by Hong Kong-based airlines,

although two C919 demonstration flights flew there over the past

year.

Hong Kong's airport authority has agreed to support

international flight operations for COMAC's C919 narrow-body

passenger plane.

COMAC also agreed on Wednesday to expand existing

business ties with Hong Kong-based aircraft maintenance group

HAECO to collaborate on airframe, engine and component services

for COMAC's domestic and international customers.

HAECO is owned by Hong Kong conglomerate Swire Pacific ( SWRAF )

, the biggest shareholder in Cathay Pacific Airways ( CPCAF )

.

COMAC has stepped up plans for production and sales of the

C919, which competes with Boeing's ( BA ) 737 MAX and Airbus' A320neo

jet families. It also has plans for larger, wide-body designs.

Industry sources say COMAC is a long way from making inroads

internationally, especially without benchmark certifications

from the European Union, which it is pursuing for the C919, or

from the United States.

COMAC opened a U.S. office in 2010 and a Paris office in

2011 during earlier pushes for international certification and

cooperation. Their current status is unclear.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Great Pacific Gold up 6% as Starts Field Program on Wild Dog Project
Great Pacific Gold up 6% as Starts Field Program on Wild Dog Project
Nov 3, 2024
11:22 AM EDT, 10/28/2024 (MT Newswires) -- Great Pacific Gold ( FSXLF ) up 6% in late morning trade after the company on Monday provided an update on its Wild Dog Project in Papua New Guinea. Preparations have begun for a 2025 field program at the project. Wild Dog is a district scale land package with significant potential to host...
Tesla faces sanctions bid in California wrongful death lawsuit
Tesla faces sanctions bid in California wrongful death lawsuit
Nov 3, 2024
Oct 28 (Reuters) - The estate of a man who was killed in 2021 after his Tesla crashed and caught fire has asked a federal judge in San Francisco to sanction the electric vehicle maker over stalled efforts to settle a wrongful death lawsuit. Lawyers for the estate of Charles Leach said in a court filing on Friday night that...
Taiwan Semiconductor Manufacturing Founder Warns of Challenges to Future Growth
Taiwan Semiconductor Manufacturing Founder Warns of Challenges to Future Growth
Nov 3, 2024
11:24 AM EDT, 10/28/2024 (MT Newswires) -- Taiwan Semiconductor Manufacturing ( TSM ) Founder Morris Chang warned of future challenges to the company's growth, noting that free trade of semiconductors has died, news outlets reported Saturday, citing Chang's remarks during a company event. The news outlets said Chang also expressed optimism towards the company's market position and leadership team. In...
RBC Capital Markets Outlines Q3 Estimate Changes for Canadian Energy Infrastructure Cos Ahead of Earnings
RBC Capital Markets Outlines Q3 Estimate Changes for Canadian Energy Infrastructure Cos Ahead of Earnings
Nov 3, 2024
10:59 AM EDT, 10/28/2024 (MT Newswires) -- RBC Capital Markets over the weekend provided third-quarter estimate changes for some Canadian Energy Infrastructure companies ahead of their coming earnings. Broadly speaking, we expect the companies' disclosures and conference calls to highlight the positioning of their asset bases to benefit from increasing energy demand in North America. In particular, we anticipate that...