China's jumbo air freighter test flight a success - Xinhua

BEIJING Sat Jan 26, 2013 6:05pm IST

Stocks

   

BEIJING (Reuters) - China has conducted a successful test flight of its first domestically developed jumbo air freighter, the official state news agency Xinhua reported on Saturday.

The Yun-20, or Transport-20, is designed for long-distance air transport of both cargo and passengers, Xinhua reported.

"The successful maiden flight of Yun-20 is significant in promoting China's economic and national defence build-up as well as bettering its emergency handling such as disaster relief and humanitarian aid," Xinhua said, adding that further test flights are scheduled.

China is determined to reduce dependency on foreign firms such as Boeing(BA.N), AirbusEAD.PA, General Electric(GE.N) and Rolls Royce Plc(RR.L) for the country's soaring demand for planes and engines.

Aviation Industry Corporation of China (AVIC), the country's dominant military and commercial aviation contractor, has lobbied for Beijing to back a multi-billion dollar plan to build a high-performance engine.

Meanwhile a host of design flaws has delayed approval by the Civil Aviation Administration of China for the country's homegrown 90-seat ARJ21 regional passenger jet.

At last November's China Airshow, China unveiled 50 new orders for its COMAC C919 passenger jet which is designed to challenge Airbus and Boeing in the largest segment of the $100 billion annual jetliner market.

The orders for the 150-seat jet boosted the official tally to 380, reaching the state-owned Commercial Aircraft Corporation of China's declared breakeven point of 300-400 orders.

However, analysts say it will be some time before the aircraft, due to make its maiden flight in 2014, proves both its technical worth and its financial viability.

(Reporting by Nick Edwards; editing by Jason Neely)

Reuters Showcase

Reuters Poll

Reuters Poll

Oil price will average less in 2015 than during financial crisis - Reuters Poll.  Full Article 

Stake Sale

Stake Sale

Strong demand for Coal India boosts privatisation drive.  Full Article 

New Italy President

New Italy President

Italy elects senior judge Sergio Mattarella as president.  Full Article 

Pharma Deal

Pharma Deal

Sun Pharmaceutical wins U.S. approval to buy Ranbaxy  Full Article 

SpiceJet Bailout

SpiceJet Bailout

SpiceJet board approves up to $243 mln share sale plan  Full Article 

AirAsia Jet Crash

AirAsia Jet Crash

AirAsia captain left seat before jet lost control - sources  Full Article 

India Art Fair

India Art Fair

Art fair turns India's capital into art hub.  Full Article 

Movie Review

Movie Review

"Rahasya" is an ode to Agatha Christie.  Full Article 

Review: Hawaizaada

Review: Hawaizaada

Movie Review: Hawaizaada  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage