The Commercial Aircraft Corp. of China (COMAC) has launched an aircraft finance lease company with Pudong Development Bank and Shanghai International Group. The new JV has a registered capital of CNY2.7 billion ($426 million). Pudong Development Bank is the controlling stakeholder with a 66.67% stake, COMAC holds 22.22% stake and Shanghai International Group holds 11.11% ownership. Industry analysts say the new venture is expected to pave the way for COMAC to sell its C919 as the ...

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