Shanghai Chosen as Building Site for New Russian-Chinese Aircraft

According to Denis Manturov, Russia’s Minister of Industry and Trade, new Russian-Chinese wide-body, long-range aircraft will be built in Shanghai

The minister’s statement was reported by TASS.

“Shanghai has been selected as the building site,” Manturov said after his visit to China. “This is a major high-tech investment to be implemented with our Chinese partners.”

According to the Xinhua News Agency, with reference to a statement by the Commercial Aircraft Corporation of China, the necessary permits and joint venture registration are currently being obtained. Production should begin before the end of the year, Xinhua reported.

A memorandum to design a wide-body long-haul aircraft was signed in the spring of 2014 and the aircraft are expected to be in the sky by 2025 to 2027.

The airplane, which will have a capacity of 250 to 300 passengers, is likely to compete with leading aircraft manufacturers such as Airbus and Boeing, and both parties involved expect that it will gain a significant market share in Russia, China and other countries.