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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

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

Shanghai

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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