COMAC sets up major investments for future

Commercial Aircraft Corp of China Ltd has put together multibillion yuan funds to support research and development after rolling out the C919.

Earlier this month, the latest round of funding for COMAC was announced when Huatai Asset Management injected 15 billion yuan ($2.25 billion) into the State-owned aircraft manufacturer.

This followed a 10 billion yuan fund put together in May by the Asset Management Association of China, and more than 40 private equity companies to finance projects between COMAC and its suppliers.