This is China’s first commercial aircraft with the number of 0019919, which has been delivered recently. As a milestone of COMAC, it also means that the concept of domestic large aircraft has finally entered the fast lane of the commercialization process, officially opening a new era of large passenger aircraft in China.
Another incident in the same period also attracted attention. On May 11, China Eastern Airlines Corporation Limited(600115) (sh. China Eastern Airlines Corporation Limited(600115) ) announced the latest fixed increase plan of 15 billion yuan, and announced the plan to introduce 38 aircraft, including 4 C919 aircraft and 24 ARJ21-700 aircraft.
Statistics show that the unit prices of the above two models are 653 million yuan and 251 million yuan respectively.
Earlier, COMAC had released the annual report of market forecast. It is expected that by 2039, the number of new aircraft delivered worldwide will be 40664, with a value of about US $5.96 trillion. Among them, the total market size of COMAC’s C919 and ARJ21 models can reach 732 billion US dollars, about 4 trillion yuan.
According to the official website of COMAC, at present, the C919 aircraft has received 815 orders from 28 customers, including confirmed orders and intended orders, including 34 foreign orders, with a total order amount of more than 500 billion yuan.
Insiders said that the smooth progress of COMAC’s domestic large aircraft project is due to the continuous upgrading of China’s aviation industry technology and the establishment of industrial clusters.
In January this year, Chengdu held the signing ceremony of “Airbus aircraft life cycle service project” with Airbus, tarmac aerosave and European aviation materials, which is also the first aircraft recycling project directly invested and constructed by Airbus outside Europe.
The project not only fills the gap at the end of the aviation industry chain in the Asia Pacific region, but also recognizes the technology of China’s aviation industry.
With the recovery of international air passenger transport and the continuous release of the above landmark events, the enthusiasm of investors in the A-share market for aviation industry concept stocks has also been stimulated.
Many listed companies, such as China Avionics Systems Co.Ltd(600372) (sh. China Avionics Systems Co.Ltd(600372) ), Sichuan Haite High-Tech Co.Ltd(002023) (SZ. Sichuan Haite High-Tech Co.Ltd(002023) ), Shandong Nanshan Aluminium Co.Ltd(600219) (sh. Shandong Nanshan Aluminium Co.Ltd(600219) ), replied on the investor interaction platform that they had participated in project cooperation related to domestic large aircraft.
Sichuan Haite High-Tech Co.Ltd(002023) said, “we have carried out technical cooperation with domestic large aircraft manufacturers and actively participated in the development of domestic large aircraft cabin long-time oxygen supply system and D-class full dynamic simulator.”
China Avionics Systems Co.Ltd(600372) said that some subsidiaries have provided products for C919 and will continue to actively promote the development of civil aircraft business.
Shandong Nanshan Aluminium Co.Ltd(600219) also said that the company is the only enterprise in China that supplies Boeing and Airbus at the same time. At the same time, world-class aviation manufacturing enterprises such as Bombardier and COMAC are the customers of the company.
The reporter noted that the A-share listed company renamed Ligeance Aerospace Technology Co.Ltd(000697) (SZ. Ligeance Aerospace Technology Co.Ltd(000697) ) is also related to COMAC’s domestic large aircraft project, and is inextricably linked to the R & D and manufacturing of many key models of military aeroengines in China.
Statistics show that the focus of the company’s business in China has shifted to Chengdu, one of China’s aviation industry centers. The company’s existing two shareholders are Sichuan development (holding) Co., Ltd., which is state-owned in Sichuan Province. Its key development direction in the 14th five year plan includes the asset integration of the aviation industry and the aviation industry in the province.
As early as 2017, Ligeance Aerospace Technology Co.Ltd(000697) laid out the territory of Chengdu based on the acquisition of Gardner airlines. After years of technology accumulation, it has passed Airbus certification and become a rare full process manufacturing enterprise of aviation precision parts in China.
Ligeance Aerospace Technology Co.Ltd(000697) relevant person in charge said in an interview with reporters that the company is currently one of the eight major suppliers of Airbus global precision parts, and has been awarded the title of “global champion” by Airbus in the parts cooperation plan. At the same time, the company is actively promoting business cooperation with leading Chinese aircraft enterprises represented by COMAC and commercial development.
The person in charge also said that the global flagship factory of Chengdu Gardner airlines, with a production value of 1.6-1.8 billion as the design standard, will gradually release its production capacity in the second half of this year. While undertaking the existing Airbus business, it will also accelerate the company to benefit from the market dividends of domestic large aircraft projects by virtue of the company’s mature and leading technical advantages in parts manufacturing, large parts assembly and rapid response factories in Europe and America.
Huaxi Securities Co.Ltd(002926) relevant research reports believe that the Chinese market share of C919 may reach about 30% in the future, which will bring about 68% increment to our aviation industry.
