China’s C919 aircraft manufacturer has received a significant capital injection from its state-backed investors. This development is aimed at addressing ongoing production challenges and bolstering the company’s position within the rapidly growing civil aviation market. The firm intends to strengthen its financial stability and competitiveness against established aerospace giants like Boeing and Airbus, which are currently vying for contracts. The funding will likely facilitate improvements in production efficiency and allow the C919 to maintain its market share amidst a global supply chain disruption impacting aircraft manufacturing globally.
Credits: News – South China Morning Post
