Chinese, Russian planemakers launch joint venture in Shanghai

Updated 2017-05-22 16:01:26 CGTN

A joint venture created by the Commercial Aircraft Corporation of China (COMAC) and Russia's United Aircraft Corporation (UAC) was launched in Shanghai on Sunday.

The new company, China-Russia Commercial Aircraft International Co. (CRAIC), was launched for the two countries to jointly build wide-bodied passenger planes.

This cooperation is based on a contract signed in June, 2016 witnessed by Chinese President Xi Jinping and Russian President Vladimir Putin during Putin's visit to Beijing.

According to a COMAC press release, the project will produce a 280-seat long-haul plane with a range of 12,000 kilometers. The general assembly of the plane will be carried out in Shanghai.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 19 2017 02:15:49

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 19 2017 02:15:49

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 19 2017 02:15:49

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords