CHINA TO SPEND CNY50BN PREPARING FOR JUMBO AIRCRAFT PROJECT

AsiaInfo Services 03-10-2008 China to Spend CNY50bn Preparing for Jumbo Aircraft Project BEIJING, Mar 10, 2008 (SinoCast via COMTEX) -- China's jumbo aircraft project is expected to cost CNY 30 billion to CNY 50 billion at a preparatory stage, which lasts ten years at most. The nation is about to form a joint venture for the project in March in Shanghai, where the final assembly, sale and services of the jumbo aircrafts will be carried out.

The State-owned Assets Supervision and Administration Commission of the State Council, the nation??s cabinet, will be the biggest shareholder; ...

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