Commercial Aircraft Corporation of China

Infobox Company
company_name = Commercial Aircraft Corporation of China Ltd.
company_
company_type = Public, Government-owned corporation
foundation = Shanghai, China (May 11, 2008)
location = Shanghai, China
key_people = Zhang Qingwei, Chairman of the Board
Jin Zhuanglong, General manager
industry = Aerospace
products = Commercial airliners
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Commercial Aircraft Corporation of China Ltd. (CACC, or China Commercial Aircraft‎, in Chinese: 中国商用飞机有限责任公司) is a Chinese aerospace manufacturer established on May 11, 2008 in Shanghai, China [ [http://news.xinhuanet.com/english/2008-05/11/content_8144727.htm China's jumbo passenger aircraft company established in Shanghai] Xinhua, 2008-05-11 ] [ [http://news.bbc.co.uk/2/hi/business/7394596.stm Chinese plane business gets wings] BBC, 2008-05-11] .

The company has a registered capital of RMB 19 billion (USD 2.7 billion as of May 2008). Shareholders include the Chinese central government, the municipal government of Shanghai, AVIC I and AVIC II. This Chinese government-owned corporation will specifically try to design and attempt to build large passenger aircraft with the capacity of over 150 passengers,the Future chinese big plane to reduce the country's dependency on Boeing and Airbus, which currently dominate the market [ [http://biz.yahoo.com/ap/080511/china_jets.html China establishes company to make its own jumbo jets] AP, 2008-05-11] .

The first jet to be marketed is the ARJ21, developed by AVIC I [ [http://www.cnn.com/2008/BUSINESS/05/11/china.jumbo.ap/index.html China to challenge leading jumbo makers] AP via CNN,2008-05-11] .

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