Commercial Aircraft Corporation of China, Ltd (COMAC) and United Aircraft Corporation of Russia (UAC)held an establishment ceremony for the Long Range WideBody Commercial Aircraft Program joint venture—name as China-Russia Commercial Aircraft International Co., Ltd. (CRAIC) on May 22nd, 2017. The main responsibility of CRAIC is to develop a new generation long range wide body commercial aircraft and take charge of its commercial operation. Chairman of COMAC Mr. Jin Zhuanglong, President of COMAC Mr. He Dongfeng, President of UAC Mr. Yury Slyusar, the vice president of UAC Mr. Vladislav E. Masalov attended the ceremony.
Under the depth development of China-Russia comprehensive strategic cooperative partnership, the long-range wide body commercial aircraft is a major strategic and pragmatic cooperation between Chinese and Russian enterprises in the field of high-tech development. On June 25, 2016, under the testimony of President Xi Jinping and President Putin, COMAC and UAC have signed a joint venture contract. After the full consultation between the two companies, we agreed to establish a joint venture for project cooperation in accordance with the equivalence principle. At present, the two companies have completed the industrial and commercial registration process with a business license. The name of this joint venture is China-Russia Commercial Aircraft International Co., Ltd. (CRAIC), based in Shanghai.
Chairman Jin Zhuanglong indicated that “the establishment of CRAIC marking an important progress for the Long Range Wide Body Commercial Aircraft Program. COMAC and UAC shall cooperate and unit as one, try our best to make the program to be the great model in the corporation history between China and Russia; in accordance with international mainstream airworthiness standards, we will develop a competitive long range wide body commercial aircraft, provide a better service to the airlines and more contribution to the global aviation market.”
President Yury Slyusar emphasized that “I am fully supporting to the establishment of CRAIC. It means the long-range wide body commercial aircraft program took the most important pragmatic movement, it also witness the cooperation determination and the succeed expectation by both sides. We would like to develop the wide body aircraft together, ensure the performance of manufacturing, operation, after sale’s service, marketing and sales, etc.”