中国商飞或将提高C919交付量，万亿大飞机产业链受益

Group 1 - The core point of the article is that COMAC plans to increase the production and delivery of its C919 narrow-body aircraft, targeting the delivery of 28 or more units this year [1] - By early 2026, COMAC has already produced two C919 aircraft, indicating a production capability of one aircraft every 10 to 15 days if the current pace is maintained [1] - Boeing forecasts that global airlines will need nearly 44,000 new commercial aircraft by 2043, while Airbus expects over 42,000 new aircraft in the next 20 years, with China requiring more than 9,500 new passenger and cargo aircraft, accounting for over 20% of global demand [1] Group 2 - The International Air Transport Association (IATA) projects that passenger traffic will reach 5.2 billion by 2026, a 4.4% increase from 4.98 billion in 2025, marking a historic high [1] - The "New Era New Journey" action plan aims for China to become a strong aviation transport country by 2035, with core technology and equipment achieving self-control and large aircraft operating at scale [1] - The C919's domestic production rate exceeds 60%, highlighting the growing role of Chinese aviation companies in the trillion-yuan large aircraft industry [1] Group 3 - The international aviation association reports a delivery gap of over 5,300 aircraft and a backlog of 17,000 orders, which is equivalent to 60% of the active fleet, significantly higher than the historical stable level of 30% to 40% [2] - If the C919 obtains European airworthiness certification, it could open up the high-end markets in Europe and the U.S., with long-term demand potentially reaching trillions of dollars [2] - The acceleration of C919 deliveries signifies a transition from "technological breakthrough" to "commercial success" for domestic large aircraft, suggesting potential valuation increases for the A-share large aircraft sector driven by policy, demand, and technology [2]