Free Trial

Chinese airline receives first domestic long-range jetliner

In this Monday, Nov. 2, 2015 file photo, the first twin-engine 158-seater C919 passenger plane made by The Commercial Aircraft Corp. of China (COMAC) is pulled out of the company's hangar during a ceremony near the Pudong International Airport in Shanghai, China. China Eastern Airlines Ltd. on Friday, Dec. 9, 2022, became the first customer to take delivery of the long-range jetliner produced by a state-owned manufacturer set up to try to compete with Boeing and Airbus, state TV reported. (AP Photo, File)

BEIJING (AP) — A Chinese airline on Friday became the first customer to take delivery of a long-range jetliner produced by a state-owned manufacturer set up to try to compete with Boeing and Airbus, state TV reported.

The C919 plane made by Commercial Aircraft Corp. is part of the ruling Communist Party's efforts to transform the country into a creator of profitable technologies and reduce reliance on foreign products.

The model delivered to China Eastern Airlines Ltd., one of China’s four major carriers, seats 164 passengers, China Central Television reported. It gave no details of where it would be operated.

The single-aisle C919, which is meant to compete with the Airbus A320 and Boeing 737, has a range of 4,075 to 5,555 kilometers (2,530 to 3,450 miles), according to the manufacturer. The plane made its first flight in May 2017.

Last month, Commercial Aircraft Corp. announced 300 orders for the C919 from Chinese leasing companies. The company earlier said it had 815 orders for the C919 from 28 customers, including GE Capital Aviation Services and Thailand’s City Airways.

Should You Invest $1,000 in Boeing Right Now?

Before you consider Boeing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boeing wasn't on the list.

While Boeing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
China Eastern Airlines (CEA)N/A$0.00-100.0%N/AN/AN/AN/A
Boeing (BA)
3.1599 of 5 stars
$226.08-0.2%N/A-12.62Moderate Buy$216.32
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Related Videos

5 Stocks to BUY Now as Tariff Uncertainty Fades

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines