China's jumbo passenger aircraft company establishes in Shanghai

SHANGHAI, May 11 (Xinhua) -- China's first jumbo passenger aircraft company was officially inaugurated in Shanghai on Sunday.

SHANGHAI, May 11 (Xinhua) -- China is set to unveil its own jumbo jet company in Shanghai on Sunday, marking a crucial stage for the country's research and development of giant passenger planes.

The new company, China Commercial Aircraft Co., will have a registered capital of 19 billion yuan (about 2.7 billion U.S. dollars), with the central government and the Shanghai government among the major shareholders, sources close to the matter told Xinhua. Full story

BEIJING, May 10 (Xinhua) -- China's first jumbo passenger aircraft company will be officially inaugurated in Shanghai on Sunday, the 21st Century Business Herald reported on Saturday.

The company, with a registered capital of 19 billion yuan (2.7 billion U.S. dollars), will be responsible for developing, manufacturing and marketing of the first made-in-China jumbo passenger jet.