（来源：中国航空报） 白云帆 在2026年全球民用航空产业的发展版图中，客户服务早已不是飞机销售的"配套附属品"，而是一套贯穿飞机全生命周期的综合性支持体系——从设计研 发、生产制造、售前服务、交付运营，到维护维修、升级改装乃至拆解回收，全流程守护航空公司运营的安全与高效，是保障飞机安全运行的核心基石， 更是民机产业价值链中极具竞争力的核心环节。波音、空客、巴航工业等全球头部民机制造商，历经深耕探索，形成了各具特色的客户服务发展路径，持 续挖掘客服在降本提效、价值增值中的核心作用，为全球民机行业树立了差异化服务的实践标杆。 竞争重心换档：客服从"售后配角"跃升为战略核心 波音：全链条整合，打造服务增长新引擎 波音客服的核心创新，是以"整合生态+技术赋能"打破传统服务边界，通过组织架构革新、数字化预判、供应链重构与定制化培训四大突破，构建起兼具 首创性与场景适配性的服务体系，将自身技术能力深度转化为航司运营价值，让全链条整合实现效率倍增。 2017年，波音率先将客服升级为独立核心业务板块，成立波音全球服务集团（BGS），整合维修工程、航材供应链、飞行培训、数字化解决方案等跨领域 能力。针对复杂地形等特殊运营场景 ...

Core Viewpoint - The C919, China's domestically produced large passenger aircraft, is being utilized extensively during the Spring Festival travel season, enhancing connectivity for travelers in major cities like Beijing, Shanghai, Guangzhou, and Wuhan [1][3]. Group 1: C919 Aircraft Operations - The C919 aircraft is now operational, with nine planes flying 36 segments daily during the Spring Festival, catering to a high volume of passengers [1]. - The aircraft represents a significant achievement in China's aviation industry, reflecting the dedication of aviation professionals from design to operation [3]. Group 2: Pilot's Perspective - The pilot, as a representative of the crew, emphasizes the responsibility of ensuring passenger safety and comfort, especially during the busy Spring Festival period [5][7]. - The emotional connection between the pilot and passengers is highlighted, as the pilot understands the importance of safe travel for families reuniting during the holiday [9]. Group 3: Passenger Experience - The flights are primarily filled with families, creating a warm atmosphere as children and elderly passengers look forward to reunions [5][7]. - The pilot expresses satisfaction in facilitating these reunions, noting the joy of seeing travelers eager to return home for the New Year celebrations [9].

Core Viewpoint - The emergence of China's C919 aircraft is poised to disrupt the global aviation market, potentially shifting it from a Boeing-Airbus duopoly to a triopoly, as acknowledged by Airbus CEO Guillaume Faury [1][4]. Group 1: Market Potential - China's domestic aviation market is projected to surpass the U.S. by 2043, with Boeing estimating a need for over 8,800 new aircraft in the next 20 years, representing one-fifth of global demand [2]. - The C919 has secured over 1,200 orders, including 100 each from China's three major airlines, and has begun domestic operations, carrying over 1 million passengers, demonstrating its safety and reliability [2]. Group 2: Airbus's Response - Airbus's leadership has shifted from initially dismissing COMAC as a threat to recognizing it as a significant competitor, with Christian Scherer noting its importance as early as 2024 [4]. - Faury's recent comments highlight that COMAC is more likely to succeed due to state support, rapid technological advancements, and a global demand for a third option in the market [4]. Group 3: Challenges Ahead - The C919 faces two main hurdles: obtaining certification from European and U.S. aviation authorities, and increasing its domestic production rate, which currently stands at about 60% [7]. - Key components like engines and avionics still rely on Western suppliers, but COMAC is making progress through joint ventures and technological development, such as advancements in the Changjiang engine series [7]. Group 4: Industry Dynamics - The resurgence of global air travel has created strong demand for new, more fuel-efficient aircraft, with the C919 competing directly with the Airbus A320neo in terms of fuel economy and passenger comfort, while also offering a price advantage [9]. - The rise of COMAC may drive innovation within the industry, similar to how Airbus challenged Boeing in the past, with new avenues like hydrogen aviation being explored [9]. - Although the C919 may not immediately disrupt the European and U.S. markets, its growing presence in the Asia-Pacific and Middle Eastern regions is already altering competitive dynamics [10].

据路透社2月12日报道，据印度媒体报道，印度国防采购委员会12日通过一项初步提案，拟斥资3.25万亿卢比 （约合2804亿美元）从法国达索飞机制造公司采购114架"阵风"战斗机。 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 来源：参考消息 责编：汪云鹏 校对： 廖胜超 百万用户都在看 开盘，"一字"封板！外围大利好，彻底引爆！ 美联储，突发！美国财长，紧急发声！ 央行，重磅发布！商业航天，大消息！算力，利好！脑机接口，重大突破！影响一周市场的十大消息 利好来了！刚刚，福建重磅发布！ 重大信号！49万亿巨头，批量减持！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 近几个月来，印 ...

Core Viewpoint - Xirui (02507) shares rose over 8%, reaching a new high of 69.45 HKD since August last year, with a trading volume of 54.2 million HKD [1] Group 1: Company Performance - Haitong International forecasts that Xirui will deliver approximately 800 aircraft in 2025, with around 600 new orders expected [1] - The company is expected to meet the requirements for market capitalization, trading volume, and turnover rate set by index companies by the end of 2025 [1] Group 2: Product Development - On February 3, Xirui launched the VisionJet G3, which features price increases and upgrades in intelligence and comfort [1] - West Securities believes that with the introduction of better-structured products like VisionJet G3 and SRG7+, the overall product structure will improve year-on-year, leading to enhanced profitability [1]

Core Viewpoint - Boeing plans to increase the monthly production of its core 737 series aircraft to 63 units in the coming years, which is crucial for improving its financial situation and debt repayment [1] Group 1: Production Plans - Boeing has installed tooling equipment to support the new 737 assembly line in a traditional wide-body aircraft factory [1] - The company is in the process of hiring mechanics and engineers to prepare for production startup in mid-year [1] - The production rate of the narrow-body aircraft is expected to grow by approximately 15% over the next 18 months [1] Group 2: Financial Implications - Maintaining a steady increase in 737 aircraft production is vital for Boeing to reverse its financial condition [1] - The 737 model serves as a key revenue source for the company [1]

"驾驶C919是中国飞行员独有的荣光" 2月6日清晨，北京首都国际机场停机坪上，国产大飞机C919沐浴着晨光静静矗立。中国国际航空股份 有限公司(以下简称"国航")飞行总队七大队训练副大队长郝鑫身着制服，快步走向他的"空中战友"。笔 者全程跟机随行，记录这位C919机长春运一天的执飞全过程。 作为拥有18800余小时飞行经验的一级飞行员，郝鑫亲历了国航C919接机试飞、香港首航等关键节点， 如今又驾驶着国产大飞机投身春运大潮，成为行进中国的空中见证者。凝聚着几代人心血的国产民机， 正以愈发密集的航线，护航万家团圆路，书写中国创新的蓝天答卷。 "这份热爱从未改变" 清晨5时，笔者来到飞行员公寓，此时郝鑫已洗漱完毕，他熟练地穿上制服，系好领带，戴上机长帽， 拎起飞行箱，向着"送旅客平安回家"的目标出发。这套动作已成为他的职业日常。 抵达飞行准备区，郝鑫完成指纹签到，开启了航前准备。他带领副驾驶，认真查看航路沿线天气、核对 机场通告并结合气象核算油量等，"春运航班量有所增加，我们更要集中精力，充分准备，确保万无一 失。" 郝鑫的飞行之路，始于儿时的仰望——每当抬头看到飞机掠过天空，他心底逐梦蓝天的梦想便一点点萌 芽 ...

Core Insights - The article discusses the significant upgrade of the VisionJet series by the company, highlighting improvements in consumer orientation, spaciousness, and performance [1] Group 1: Product Upgrades - The VisionJet G3 features comprehensive upgrades in avionics, including the CPDLC system for electronic flight communication, eliminating the need for manual input [1] - Enhanced cabin space and quality, along with improved maximum flight speed, payload capacity, and altitude, as well as increased engine resistance to crosswinds [1] Group 2: Market Position and Orders - The target customer base is high-net-worth individuals rather than professional pilots, focusing on smart and safe performance upgrades to address pain points during flights [1] - The company has been expanding production capacity, which is expected to improve delivery rates and order fulfillment, with new models likely to command higher prices compared to older products [1] Group 3: Financial Outlook - The company anticipates improved product structure and profitability with the introduction of the VisionJet G3 and SRG7+, projecting net profits of $160 million, $190 million, and $240 million for 2025, 2026, and 2027, respectively [1] - The company maintains a strong competitive position in the industry, with expectations for continued steady growth and valuation recovery, supported by expanding delivery capabilities and service network [1]

Core Viewpoint - The participation of China Commercial Aircraft Corporation (COMAC) in the 2026 Singapore Airshow highlights its ongoing efforts to expand the international market for Chinese-made commercial aircraft, showcasing models like the C919 and C909 [2][3]. Group 1: Aircraft Showcase and Market Presence - COMAC displayed multiple domestic aircraft, including the C919 and C909, at the Singapore Airshow, marking its second participation in an international airshow after the 2025 Dubai Airshow [2][3]. - The C909 aircraft has been successfully operated in Indonesia, Laos, and Vietnam, with a total of 9 units operating over 20 routes, transporting over 700,000 passengers [3][4]. - As of December 2025, the C909 has been delivered to three overseas customers, with operational routes including 11 by Wings Air, 5 by Laos Airlines, and 3 by VietJet Air [3][8]. Group 2: Aircraft Specifications and Performance - The C909 can carry 78-97 passengers with a range of 2,225-3,700 kilometers, while the C919 accommodates 158-192 passengers with a range of 4,075-5,555 kilometers, both designed for various operational conditions [4][6]. - By the end of 2025, over 200 units of both aircraft types have been delivered, with more than 800 routes opened, serving over 36 million passengers [5][8]. Group 3: Orders and Future Developments - During the airshow, COMAC signed an order for 6 C909 firefighting aircraft with Shanxi Successful General Aviation, enhancing its emergency response capabilities [6][8]. - The C909 medical aircraft was also showcased, designed for various medical applications, indicating COMAC's commitment to diversifying its product offerings [7][8]. Group 4: Operational Growth and Challenges - The C919 fleet has shown significant operational growth, with an average passenger load factor of 84.3% and a monthly flight volume increase of 123.1% year-on-year as of December 2025 [9][10]. - Despite the positive growth, COMAC faces challenges in increasing production capacity and meeting delivery targets, with only 15 units delivered in 2025 against a target of 50 [10].

Group 1 - The core viewpoint is that Western Securities (002673) believes in the long-term competitive stability of the industry and sees significant advantages in the brand and manufacturing of Cirrus Aircraft (02507), expecting sustained market share and robust growth capabilities [1] - The company is gradually expanding production capacity and enhancing its service network, which is anticipated to accelerate performance as delivery capabilities and product matrix diversity improve [1] - Net profit projections for the company are estimated at $160 million, $190 million, and $240 million for the years 2025, 2026, and 2027, respectively, with corresponding PE ratios of 18.4, 15.3, and 12.4, indicating a positive outlook for valuation recovery and maintaining a "buy" rating [1] Group 2 - Cirrus Aircraft has launched the VisionJet G3, marking a significant upgrade after five years, focusing on consumer-oriented features such as upgraded avionics, enhanced cabin space, and improved performance metrics [2] - The target customer base for Cirrus is high-net-worth individuals rather than professional pilots, emphasizing the importance of smart and safety performance upgrades to address pain points during flights [2] - The company expects to improve order acquisition and delivery capabilities due to increased production capacity and the introduction of new models, which will enhance the overall product structure and profitability [2]