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China, Russia in US$20b project to develop long-haul jet

The joint venture, to be set up in Shanghai this year, will develop a 280-seat wide-body plane

A model of the widebody jet is being presented at the China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong Province, on Wednesday.


CHINA and Russia will invest up to US$20 billion to develop a long-haul wide-bodied jet, reports on Thursday and a company statement said, as Beijing seeks to challenge leading Western manufacturers Boeing and Airbus.

The hugely ambitious plan was first agreed between the...

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