The C919 is a domestically developed large passenger aircraft with independent intellectual property rights, designed for medium and short-haul commercial flights. Its first flight marked a significant milestone in China's aviation history, symbolizing the nation's growing capabilities in aerospace engineering. Once the C919 completes its initial flight, it is expected to drive rapid growth in China’s large aircraft industry, accelerate the formation of a domestic industrial cluster, and open up a market potentially worth trillions of yuan.
On March 1, the C919 underwent another taxi test, signaling a major step closer to its first flight. The aircraft has largely completed the installation of onboard systems and major static and system integration tests, entering the final phase of preparation for its maiden flight. It is anticipated that the C919 will take to the skies in the first half of 2017.
According to NetEase Air News, on February 28, the C919 successfully completed its first independent taxi test. Earlier, on February 21, CFM International’s LEAP-1C engine, which powers the C919, received type certification from both the European Aviation Safety Agency (EASA) and the U.S. Federal Aviation Administration (FAA), clearing the way for the aircraft to enter commercial service.
Several companies are closely tied to the development of the C919, including AVIC Aircraft, Fushun Special Steel, Baoji Titanium, and Si Chuang Electronics. These firms play crucial roles in manufacturing key components for the aircraft, contributing to its success and the broader aerospace industry in China.
AVIC Aircraft Co., Ltd. (000768) is one of the core business units under the China Aviation Industry Corporation. Listed on the Shenzhen Stock Exchange since 1997, the company has expanded significantly through strategic acquisitions, becoming a leading player in the aviation sector. In 2016, AVIC Aircraft reported strong financial performance, with operating income reaching 26.12 billion yuan and net profit rising by 3.27%.
Fushun Special Steel, known as the "Special Steel Cradle," plays a vital role in supplying high-quality materials for aerospace and defense applications. With a long history of innovation and leadership in the special steel industry, the company has consistently contributed to China’s technological advancements.
Baoji Titanium Industry Co., Ltd. focuses on producing high-end titanium materials essential for aerospace applications. In early 2017, the company saw a surge in stock prices following positive reports about its potential in the titanium market. The demand for titanium continues to rise, driven by its use in advanced aircraft and other high-tech industries.
Si Chuang Electronics, based in Hefei, specializes in radar and electronic systems for defense and civilian use. Through strategic acquisitions and partnerships, the company has strengthened its position in the electronics sector, particularly in radar technology. Its subsidiary, Bowei Changan, is a key player in the development of warning radar systems, with strong financial projections for future growth.
As the C919 moves closer to commercial operations, the entire supply chain supporting this landmark project is gaining momentum, reflecting China’s growing influence in the global aerospace industry.
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