Subscribe free to our newsletters via your
. Space Industry and Business News .




AEROSPACE
China firm to invest $1.6 billion in plane engine
by Staff Writers
Shanghai (AFP) Nov 15, 2012


A state firm will invest an initial 10 billion yuan ($1.6 billion) to develop China's own aircraft engine as it seeks to catch up with other countries, official media said Thursday.

China Aviation Industry Corporation (AVIC) will invest the funds in research and development of an "advanced" engine in the first phase of the programme through 2015, the China Daily newspaper said.

Total spending on engine development by all the country's companies could top 100 billion yuan, the official Xinhua news agency said.

AVIC already produces engines for smaller planes such as trainers and executive jets, as well as for military aircraft, the reports said.

The company hopes to offer a more advanced engine by 2025, Xinhua said, but gave no details.

"China now is fully capable of changing the situation with its overall growing strength," vice president of AVIC Engine Holding Co. Zhang Jian was quoted by Xinhua as saying on the sidelines of the Zhuhai Airshow.

The initial goal was to ensure the air force was equipped with domestically developed engines in the "near future", China Daily said.

China is also developing a larger civil aircraft aimed at challenging the dominance of industry giants Boeing and Airbus, but that plane will use an engine made by GE Aviation and French aerospace group Safran.

The producer, Commercial Aircraft Corporation of China (COMAC), won 50 orders for the planned C919 this week. This brings the total to 380 even though the plane has yet to get off the ground.

COMAC aims to hold the maiden flight of the C919 in 2014 and put the aircraft on the market in 2016.

The C919 will have up to 168 seats and a maximum range of 5,555 kilometres (3,450 miles), putting it in direct competition with Boeing and Airbus in the medium-range sector which represents 70 percent of China's market.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
China unveils attack helicopter at airshow: report
Shanghai (AFP) Nov 14, 2012
China has unveiled a new attack helicopter as it seeks to rival similar aircraft made by the United States and Russia, state media said Wednesday. A unit of China Aviation Industry Corporation (AVIC) showed off the WZ-10, or "Thunder Fire", for the first time in public at the country's premier airshow in the southern city of Zhuhai, the China Daily newspaper said. China is displaying a r ... read more


AEROSPACE
Raytheon submits Space Fence proposal to the USAF

Larger version of Kindle Fire tablet unleashed

Lockheed Martin Submits Space Fence Radar Proposal to USAF to Detect and Track Orbital Objects

Chinese LED firm plans record investment in Taiwan

AEROSPACE
The Skynet 5D secure telecom satellite is received in French Guiana for Arianespace's December Ariane 5 mission

Lockheed Martin Completes On Orbit Testing of Second AEHF Satellite

LynuxWorks LynxOS-SE Deployed by ITT Exelis in New Line of Software-Defined Radios

Digital Modular Radios For New US Navy Ships and Submarines

AEROSPACE
Arianespace's fourth Spaceport mission with Soyuz ready for fueling

Ariane 5's sixth launch of 2012

Ariane 5 is poised for Arianespace's launch with the EUTELSAT 21B and Star One C3 satellites

Ariane 5 orbits EUTELSAT 21B and Star One C3 satellites

AEROSPACE
Quattro Group Gains Visibility And Control With Ctrack

Saudi Arabia to Launch Two Satellites

Nokia buys 3D mapping firm in location services push

Gazprom to Launch Two Satellites by Yearend

AEROSPACE
China firm to invest $1.6 billion in plane engine

Brazil airline opts for Rockwell Collins

China needs 4,960 planes by 2031: state media

Airbus wins Chinese corporate jet order

AEROSPACE
First noiseless single photon amplifier

New study reveals challenge facing designers of future computer chips

No Japan electronics bailout, minister hints

Quantum kisses change the color of nothing

AEROSPACE
Surveying Earth's interior with atomic clocks

Storms, Ozone, Vegetation and More: NASA-NOAA Suomi NPP Satellite Returns First Year of Data

NASA's SPoRT Team Tracks Hurricane Sandy

Sizing up biomass from space

AEROSPACE
Fines levied over Clean Air Act violations

Toxic nickel found near leaking Finnish mine: agency

More landmine victims in Myanmar despite curbs on use

China to test 'social risk' of major factories: official




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement