The Chinese national aircraft manufacturer, Commercial Aircraft Corporation of China, will announce today that it has secured the first overseas order for its regional jet, worth about $750m, from General Electric’s leasing unit.
The announcement, which is set to be made on the opening day of the Zhuhai air show, confirms China’s commitment to the ARJ21 70-seater aircraft and its determination to challenge more established participants in the regional aircraft market, such as Bombardier of Canada and Embraer of Brazil.
GE’s leasing unit, GECAS, is set to buy 25 ARJ21 aircraft, at an estimated cost of $30m each.
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