中国商飞推进新机型计划，“出海”版图继续铺开

Core Viewpoint - Despite the impact of the US-China trade war leading to supply chain risks for key components, China Commercial Aircraft Corporation (COMAC) aims to establish a significant presence in the global aviation manufacturing industry, as demonstrated at the 55th Paris Air Show [1]. Group 1: Product Development and Market Positioning - COMAC showcased its aircraft models including C909, C919, and C929 at the Paris Air Show, despite not bringing a real C-series aircraft as speculated [2]. - The C919 and C909 have commenced commercial operations in China and parts of Southeast Asia, with a total of 20 C919 and 165 C909 aircraft delivered to date [2][6]. - The C929, currently in the design phase, is expected to have a range of approximately 12,000 kilometers and a seating capacity of 280 [3]. Group 2: International Collaboration and Supply Chain Challenges - COMAC signed memorandums of understanding with Safran and Crane Company for the C929 project, focusing on key systems development [3]. - The trade war has led to a more cautious approach in international collaborations, with companies reluctant to disclose specific details of their partnerships [3][4]. - The US Department of Commerce has suspended certain export licenses to COMAC, restricting the sale of critical technologies [5]. Group 3: Competitive Landscape and Future Outlook - COMAC is developing a longer version of the C919 to compete with Airbus's A321 series, which has become increasingly popular among airlines [6][7]. - The C919's potential expansion in passenger capacity could enhance its competitiveness against established models like the A220 series from Airbus [8][9]. - According to COMAC's market forecast, approximately 43,863 new aircraft are expected to be delivered globally by 2043, valued at around $6.6 trillion, with Chinese airlines projected to receive 9,323 of these aircraft, worth about $1.4 trillion [10].