. Medical and Hospital 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




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





AEROSPACE
Airbus wins Chinese corporate jet order
Shanghai (AFP) Nov 14, 2012
Airbus said Wednesday it had won an order from a Chinese customer for a corporate jet as the European plane maker seeks to make greater inroads into the country's young market. Foreign companies are eyeing China's growing market for corporate jets, supported by rapid economic growth which has created a new class of wealthy individuals. The latest Airbus deal marks the first time a Chines ... read more


AEROSPACE
Statement on the handling of risk situations by scientists

Under-fire utility boss resigns after storm Sandy

New York governor seeks $30 bn in aid after Sandy

Chernobyl cleanup workers had significantly increased risk of leukemia

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
Virtual Reality Could Help People Lose Weight and Fight Prejudice

Research suggests that humans are slowly but surely losing intellectual and emotional abilities

Significant relationship between mortality and telomere length discovered

Making Memories: Drexel Researchers Explore the Anatomy of Recollection

AEROSPACE
Venomous Aussie redback spiders zero in on Tokyo

Animal rights group puts bounty on elephant killers

China's endangered pandas face bamboo shortage threat

S.Asian vultures stable after near-extinction: study

AEROSPACE
Italy lifts ban on Novartis flu vaccines

Switzerland lifts ban on Novartis flu vaccine

New opportunity for rapid treatment of malaria

Test allows doctors to see disease without microscope

AEROSPACE
China appoints respected economist to target graft

Penpics of China's new Communist Party leaders

Child journalists grill ministers at China congress

Dalai Lama 'despised' by Chinese people

AEROSPACE
Piracy will swell again if seas not policed: S.African Navy

Mekong River attackers get death sentences

West African pirates target oil tankers

Pirate killed off Somali coast: NATO

AEROSPACE
Economic uncertainty afflicts U.S.

Texas Instruments to cut 1,700 jobs in reorganization

Lagarde wants 'real fix, not quick fix' on Greek debt

Japan's economy shrinks, raising fears of recession




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - 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