Bloomberg news announced on May 22 that China and Russia have teamed up to develop twin-aisle  280-seat jet aircraft that that can fly about 12,000 kilometers (7,500 miles) and will compete with Airbus SE and Boeing Co. UAC Chairman Yury Slyusar said at a briefing in Shanghai Monday that on May 22, that the State-owned Commercial Aircraft Corp. of China Ltd. and Russia’s United Aircraft Corp. plan to hand over the plane to customers by 2025-2027. He said  the new plane will need “billions of U.S. dollars” in investment, he said. The venture will develop a 280-seat aircraft that can fly about 12,000 kilometers (7,500 miles), or more than the distance between London and Singapore.

Separately, Comac Chairman Jin Zhuanglong said the Comac’s C919 jet’s research and development will be in Moscow while assembly will be in Shanghai. 

(Comment: President Xi Jinping’s ‘Made in China 2025’ program has identified aerospace among sectors that could help turn the country into an advanced economy).