Hebei Airlines Signs a Contract to Purchase 10 ARJ21 Aircraft from COMAC

In November, in the talks regarding central enterprises going into Hebei to establish mutual strategic cooperation, the Commercial Aircraft Corporation of China, Ltd. (COMAC for short) and the People’s Government of Hebei Province signed a framework agreement regarding strategic cooperation in developing the civil aviation industry. Based on this agreement, the Hebei Aviation Investment Group and the COMAC signed a contract to buy 10 ARJ21 aircraft. The COMAC Shanghai Aircraft Customer Service Co., Ltd. (COMAC Hebei Aircraft Customer Service for short) and the Hebei Development And Reform Commission signed the letter of intent for co-operation regarding promoting the planning and construction of COMAC Hebei Aircraft Customer Service Co., Ltd.. At the ceremony, Shi Jianzhong, the vice manager of COMAC and Yang Chongyong, the deputy governor, signed the framework agreement regarding the strategic cooperation in developing the civil aviation industry. The Hebei Aviation Investment Group was approved to be set up by the People’s Government of Hebei Province and is invested by the JIZHONG Energy Group Co., Ltd.. It is a large state-owned enterprise, and is directly supervised by the State-owned Assets Supervision & Administration Commission of the People’s Government of Hebei Province. According to the agreement, the Hebei Aviation Investment Group planned to purchase 10 Basic ARJ21-700 new regional aircraft. In the letter of intention for co-operation regarding promoting the planning and construction of COMAC Hebei Aircraft Customer Service Co., Ltd., the two parties promised that they would rely on Hebei’s advantage in geography, to plan and construct the COMAC North China Customer Service Base. Hebei province is near the cities of Tianjin and Beijing, encompasses the Bohai Sea and has the traditional function of Northeast Asia.This will drive Hebei’s civil aviation industry to develop into a high-end level. This will also play an important role in COMAC’s strategic layout and its core capability construction.