Operator Finance and Economics Kangzhao / Wen

12:31 on May 28th, China Eastern Airlines flight MU9191 landed safely at Beijing Capital International Airport, marking the success of the first commercial flight of a large domestic aircraft C919. At this moment, it must be the American media and Boeing aircraft.

This means that China finally has its own large civilian aircraft, which is commensurate with China's status as a great power.

Here is a true story in history. In March 1965, my delegation visited Romania and chartered a Boeing aircraft from Pakistan International Airlines. When the special plane arrived in Bucharest, the Romanians present were surprised that the leaders of a big country like China did not take their own special plane, but hired planes from other countries.

Here is a true story in history. In March 1965, my delegation visited Romania and chartered a Boeing aircraft from Pakistan International Airlines. When the special plane arrived in Bucharest, the Romanians present were surprised that the leaders of a big country like China did not take their own special plane, but hired planes from other countries.

The success of the home-made C919 means that China no longer has to hand over money to foreign companies.

In the decades after World War II, the world's civil airliners were almost completely monopolized by Boeing and Airbus. China often spends tens of billions or even hundreds of billions of dollars on airplanes, which is really heartbreaking.

In the decades after World War II, the world's civil airliners were almost completely monopolized by Boeing and Airbus. China often spends tens of billions or even hundreds of billions of dollars on airplanes, which is really heartbreaking.

On July 1, 2022, China's three major airlines announced that they would buy 292 Airbus aircraft at a cost of 249.5 billion yuan (catalogue price), making it the largest aircraft order in China's civil aviation history. In 2015, relevant enterprises in China also signed an overall agreement with Boeing to purchase 300 aircraft, including 250 Boeing 737 series and 50 Boeing wide-body aircraft, with a total value of US $38 billion according to the catalogue price, but it has not been implemented.

In the future, China will have the leverage to compete with the United States and the European Union on airplanes. The United States has one more competitor in the civil aircraft market.

In the future, China will have the leverage to compete with the United States and the European Union on airplanes. The United States has one more competitor in the civil aircraft market.