On April twenty seventh, Hainan Airlines introduced that its subsidiary Urumqi Air intends to purchase 30 C919 plane from The Commercial Aircraft Corporation of China (COMAC). This buy follows COMAC’s affirmation of an order for 300 C919 plane throughout final yr’s Zhuhai Airshow.
Urumqi Air, Suparna Airlines, Hainan Airlines and COMAC signed a core phrases checklist in keeping with an announcement. Following this, Urumqi Air and COMAC will negotiate individually to signal a purchase order settlement for C919 plane and agree on particular supply preparations. COMAC will meet Urumqi Air’s demand for plane supply as a lot as potential primarily based on precise manufacturing capability. As one of many first batch customers of C919 plane, Urumqi Air can get pleasure from preferential insurance policies. Additionally, COMAC will present assist in financing matching, plane worth evaluation, aviation supplies and power gear guaranteeing, upkeep operations know-how efficiency, and so on.
Based on COMAC’s 2018 information, the C919 giant passenger plane had acquired orders from 28 clients, totaling 815 confirmed and meant orders. During the Zhuhai Airshow in November 2022, seven leasing corporations positioned confirmed orders for a complete of 300 planes. According to an aviation trade media outlet’s report, many of those new orders have been beforehand intention orders which have now been transformed into confirmed ones with deposits.
SEE ALSO: China’s C919 Passenger Jet Rumored to Experience Failure During Verification Flight
Hainan Airlines’ announcement acknowledged that the checklist of core phrases signed is a framework settlement, indicating preliminary intentions to buy plane. However, the precise particulars of implementation will likely be decided upon signing a separate plane buy settlement.
COMAC’s buyer checklist contains China Eastern Airlines, Air China, China Southern Airlines, and Sichuan Airlines. However, solely China Eastern Airlines has signed the primary batch buy contract with COMAC to introduce 5 plane and disclosed the introduction schedule of their annual report. The supply schedule for Air China and China Southern Airlines is additional away as they haven’t but signed a purchase order settlement with COMAC for C919.
In May of final yr, China Eastern Airlines revealed the unit worth of the C919 plane for the primary time. The quoted worth for a single C919 was $99 million. Urumqi Air plans to introduce 30 C919s, which might quantity to a complete price of roughly $2.97 billion primarily based on this calculation. However, it is very important word that producers might provide reductions throughout precise transactions.
Urumqi Air is the only native airline in Xinjiang, working 16 B737-800 plane as of March 2023. Its whole property amounted to 1.925 billion yuan ($278 million) by the top of 2022, whereas its internet property have been -1.888 billion yuan.
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