BEIJING - China's AVIC Electromechanical Systems Company Limited and the US Hamilton Sundstrand announced in Beijing on Thursday that they would set up a joint venture to produce power systems for the C919, China's first domestically-produced large passenger plane.
The joint venture will temporarily be based in Xi'an, the capital of northwestern Shaanxi province, with a total investment of $145 million.
The joint venture reported $48 million of registered capital. Each of the two investors owns half of the project.
The joint venture is expected to start production before 2012. The C919 is planned to be a single-aisle plane that can seat up to 168 passengers. It will be built by the Commercial Aircraft Corporation of China (Comac) and is set for delivery in 2016.>
