A Chinese-Russian manufacturing consortium has pledged more than $1 billion to produce a line of four- to 12-seat general aviation airplanes in China, according to the country’s People’s Daily newspaper.
The report said a signing ceremony for the China-Russia general aviation aircraft production project was held recently in Beijing. At the ceremony, China Oriental Sciences Group signed an agreement with China-Russia International Investment Company and a Russian aircraft design company to build an aircraft factory, a general aviation research center, a pilot training base and a flying club. The project involves a total investment of $1.269 billion, with the manufacturing center in Ordos, China, eventually expected to reach an output of 400 airplanes per year by 2016.
