“C919供应链持续改善，今年有望每10到15天生产一架”

Core Viewpoint - The commercial operation of China's C919 aircraft is steadily advancing, with production and delivery entering an accelerated phase, aiming for at least 28 deliveries in 2026, with a production rate of one aircraft every 10 to 15 days [1][3][4]. Production and Delivery - China Commercial Aircraft Corporation (COMAC) is improving the production and delivery pace of the C919 as supply chain issues are gradually resolved, with 15 aircraft delivered in 2025, an increase from 12 in 2024, although still below the initial target of 75 [1][4]. - In the last two months of 2025, 8 out of the 15 delivered C919s were completed, indicating a positive trend in production capacity [4][6]. - The company expects the supply chain situation to continue improving in 2026, with two C919s already entering the delivery process at the start of the new year [3][4]. Engine Supply and Political Factors - The reliance on Western-made LEAP-1C engines poses a challenge for COMAC, as political factors can disrupt engine procurement, making diversification of engine supply sources crucial for long-term supply chain security [4][6][5]. - Despite the political challenges, COMAC is working closely with Western partners to ensure a stable supply of engines, which is seen as the most feasible way to increase production in the short term [6][5]. Market Position and Future Prospects - The C919 has successfully transported over 4 million passengers since its domestic operation began in May 2023, and orders from major airlines are increasing, with plans for each of the three major Chinese airlines to purchase at least 100 C919s by 2031 [9][10]. - The aircraft's international certification process is ongoing, which is essential for competing with Boeing and Airbus in the global market [9][10]. - The entry of COMAC into the market is welcomed by competitors, who acknowledge that competition drives innovation and improvement across the industry [9].