加拿大交通部长发言人表示，监管机构加拿大交通部正继续与湾流公司及美国联邦航空管理局合作推进 这些公务机的认证工作。 （郭季） （来源：中国航空报） "我们已与加拿大解决了相关问题。"贝德福德表示，"据我所知，加拿大交通部将宣布为这些拖延数年 的湾流飞机颁发认证。"预计加拿大将在近期宣布为这家美国公司生产的飞机颁发认证。 本报讯 近日，FAA局长布莱恩·贝德福德表示，预计加拿大将宣布为多款拖延数年的湾流公务机颁发 认证。 ...

（来源：中国航空报） 莫咏怡 航空工业通飞华南制造工程部紧扣"1235"年度任务主线，全面投入型号取证、批生产与质量精品工程等 核心工作。2025年，围绕型号研制中的难点、堵点，部门坚持以技术深耕为抓手，在工装技术、构型管 理、绿色工艺等领域开展一系列扎实有效的"微创新"，成功突破多项生产瓶颈，以持续的技术进步赋能 通飞华南高质量发展。 推广增材制造保障批产飞机制孔精度 AG600飞机总装阶段需完成大量系统支架安装，此前在研制批阶段采用的手工制孔方式，存在耗时长、 精度不易保证等问题。随着飞机进入批产阶段，提升制孔质量与效率成为紧迫课题。 工业工程室主任付景丽带领团队，系统分析不同部位、不同制孔精度要求，创新提出"分层分类、多元 适配"的工装方案，针对复杂曲面结构，采用硫酸纸立体贴合定位；对一般精度区域，推广轻量化、响 应快的3D打印工装；在关键精度部位，则采用高稳定性金属工装。该策略显著提升了制孔一致性，有 力保障了多架机的总装进度。由她牵头成立的3D打印工装专项团队，实现从设计到制造的全流程自主 化。全年团队累计完成5663件工装的设计与生产，相较于传统金属工装方案，成本降幅超过98%，在质 量、效率与经 ...

近期，全球数字化工程咨询公司Akkodis与德意志飞机公司正式签署合作协议，宣告建立战略合作伙伴 关系。此次合作以大幅推进德国创新型支线飞机的研发与生产为核心目标，秉持技术卓越性原则，致力 于强化本土航空航天生态系统建设，为欧洲航空业高质量发展注入新动能。 根据协议约定，Akkodis将以一级供应商身份，深度参与德意志飞机公司供应链体系并发挥核心支撑作 用。依托在飞机系统开发及专业工程领域积累的深厚技术积淀，Akkodis将为德意志飞机公司关键项目 里程碑的达成提供全方位支持，助力其在支线航空领域的技术突破与产业升级。 在合作框架下，Akkodis将全面负责新机型研发全流程工作，涵盖需求定义、复杂系统整合、地面及飞 行测试，直至最终适航认证等关键环节。与此同时，其航空航天与国防事业部将充分发挥技术优势，提 供数字建模与仿真、先进材料应用等专业技术支持，并提前布局可持续航空燃料(SAF)、氢能源等替代 推进系统的适配研发工作，为航空业绿色低碳转型奠定基础。 的篇章。 Akkodis德国区首席执行官彼得・迈尔勒博士(Dr.Peter Mehrle)表示："这份协议巩固了我们的多元化战 略，强化了我们在航空航天领域 ...

Investment Rating - The report gives a "Recommended" rating for the company, marking its first coverage [4][8]. Core Views - The company is a key player in China's large and medium-sized aircraft development and manufacturing, contributing significantly in three areas: military aircraft, domestic civil aircraft, and international cooperation [6][24]. - The report highlights the strategic importance of the Y-20 military transport aircraft, which fills a gap in domestic large military transport capabilities and has potential for further development and international market competitiveness [7][43]. - The domestic civil aircraft segment, particularly the C919 and C909, is expected to see substantial growth, supported by strong orders from major domestic airlines [9][24]. - The international subcontracting business is robust, with the company being a major supplier for Airbus and Boeing, ensuring a steady flow of orders and revenue [19][24]. Summary by Sections Company Overview - The company was established in 1997 and became the first listed company in China's aviation manufacturing sector. It focuses on the integrated development and manufacturing of large and medium-sized military and civil aircraft [12][15]. - Following a significant asset restructuring in 2020, the company has positioned itself as a specialized entity for large and medium-sized aircraft manufacturing [12][25]. Military Aircraft - The Y-20 strategic transport aircraft, independently developed by the company, is crucial for rapid troop deployment and logistics support, showcasing its capabilities in both military and humanitarian missions [33][34]. - The Y-20 serves as a platform for further developments, such as the Y-20B, which features enhanced capabilities with domestically produced engines [36][37]. Domestic Civil Aircraft - The company is the largest structural supplier for the C919 and C909 aircraft, which are expected to see significant market demand, with projections of thousands of new aircraft deliveries in the coming decades [9][24]. - The report emphasizes the potential of the domestic regional aircraft market, with the C909 expected to capture a significant share [9][24]. International Cooperation - The company is a major player in international subcontracting, producing components for Airbus and Boeing, which secures its business growth amid a backlog of orders from these manufacturers [19][24]. - The report notes that the company delivered 1,267 units in international subcontracting projects in 2024, indicating a strong operational capacity [21][24]. Financial Projections - The company is projected to achieve a net profit of 1.14 billion in 2025, with a compound annual growth rate of 11.7% from 2024 to 2027 [5][8]. - Earnings per share (EPS) are expected to grow from 0.37 in 2024 to 0.56 in 2027, reflecting the company's strong financial outlook [5][8].

公司研究 证 券 研 究 报 告 中航西飞（000768）深度研究报告 推荐（首次） 鲲鹏凌云、振翼西飞——华创交运|航空强国 系列研究（五） 航空军工 2026 年 02 月 24 日 邮箱：liangwanyi@hcyjs.com 执业编号：S0360523080001 证券分析师：吴晨玥 邮箱：wuchenyue@hcyjs.com 执业编号：S0360523070001 证券分析师：霍鹏浩 邮箱：huopenghao@hcyjs.com 执业编号：S0360524030001 证券分析师：卢浩敏 当前价：30.48 元 华创证券研究所 证券分析师：吴一凡 邮箱：wuyifan@hcyjs.com 执业编号：S0360516090002 证券分析师：梁婉怡 | 总股本(万股) | 278,114.91 | | --- | --- | | 已上市流通股(万股) | 277,273.60 | | 总市值(亿元) | 844.91 | | 流通市值(亿元) | 842.36 | | 资产负债率(%) | 70.58 | | 每股净资产(元) | 7.84 | | 12 个月内最高/最低价 | 31.07/21 ...

► 文 观察者网 阮佳琪 被美国最高法院"缴械"的特朗普，很快祭出了全新的15%全球统一关税，对所有贸易伙伴发起新一轮无差别攻击。 《金融时报》22日援引数据炒作称，特朗普这一新关税政策的最大受益者，反而是美方多次无端批评的中国和巴西； 英国、欧盟、日本等美国传统盟友，则成为最主要受损方。 各行业在特朗普原关税体系与新15%统一关税下的税率变化。《金融时报》制图 报道指出，新关税对美国核心盟友的冲击尤为严重，因其对美出口集中在钢铁、铝、汽车等领域，而这些行业的既有 关税在美国最高法院裁决后依然有效。 英媒引述的"全球贸易预警组织"（GTA）测算数据称，巴西平均关税降幅最大，将下降13.6个百分点；其次是中国， 下降7.1个百分点。 GTA首席经济学家约翰内斯·弗里茨（Johannes Fritz）表示，此前遭受白宫严厉批评并被加征高额关税的中国、巴西、 墨西哥、加拿大等国，此次关税下调幅度最为显著；常被特朗普指责对美顺差过高的越南、泰国、马来西亚等亚洲制 造业经济体，其服装、家具、玩具、塑料等行业同样将从新政策中获益。 弗里茨认为，当前美国关税前景充满不确定性。他提到，美方已释放信号，将故技重施依据1974年 ...

Group 1 - The Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series as of December 31, 2025, with Xirui (02507) being included in the Hang Seng Composite Index [1] - The changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026, leading to adjustments in the eligible stocks for the Hong Kong Stock Connect [1] - According to CICC's research report, Xirui is likely to be included in the Hong Kong Stock Connect due to meeting various criteria, including market capitalization, liquidity, and listing time [1] Group 2 - Western Securities (002673) noted that Xirui launched the VisionJet G3 product on February 3, with continuous price increases and upgrades in intelligence and comfort [1] - The firm believes that with the gradual acquisition of new orders for better-structured products like VisionJet G3 and SRG7+, the overall product structure will improve year-on-year, enhancing profitability [1]

2月11日，尼日利亚阿里克航空一架波音737客机飞行途中发动机发生故障，备降贝宁机场。当时飞机左 侧发动机传出巨响，整流罩部分脱落，碎片击中机身和垂直尾翼部分区域。报道称机上乘客惊恐地尖叫 起来，部分乘客在飞机降落前祈祷。客机共搭载80名乘客，所有乘客和机组人员均安全撤离。尼日利亚 安全调查局已对故障原因展开调查。 ...

Core Viewpoint - The recent U.S.-India trade agreement represents a significant shift in tariff structures and trade relations, with the U.S. reducing tariffs on Indian goods to 18% and India committing to substantial tax reductions on U.S. industrial and agricultural products, aiming for a $500 billion procurement of U.S. goods over the next five years [1][3][6] Group 1: Tariff and Trade Framework - The U.S. will apply an 18% "reciprocal tariff rate" on Indian goods, while India will lower tariffs on a wide range of U.S. products, including industrial goods and agricultural items [1][3] - The agreement includes a provision for the U.S. to remove tariffs on a range of products after the successful completion of a temporary agreement, which may include generic drugs, gemstones, and aircraft parts [3][6] - The framework aims to lower market entry barriers and enhance bilateral trade negotiations, with a focus on long-term benefits through regulatory alignment and standards recognition [3][9] Group 2: Procurement and Economic Security - The $500 billion procurement list includes energy, aircraft, precious metals, technology products, and coal, with a notable increase in trade related to data center technologies like GPUs [1][8] - The agreement emphasizes "economic security alignment," aiming to enhance supply chain resilience and innovation capabilities through collaborative investment reviews and export controls [8][9] - India's approach to energy procurement is shifting towards diversification, reducing reliance on Russian oil while increasing imports from the Middle East, Africa, and South America [8][9] Group 3: Future Negotiations and Implementation - The agreement is part of a broader strategy to facilitate future bilateral trade negotiations, with the U.S. seeking to open markets and increase exports while India aims to stabilize its external economic environment [6][10] - The success of the agreement will depend on the actual implementation of the terms, including the timely resolution of non-tariff barriers and the establishment of digital trade rules [10][12] - The framework reflects a modern approach to international trade negotiations, where tariffs are used to quickly alter negotiation dynamics, while procurement commitments serve to deliver immediate results [12]

2月7日凌晨，有乘客反映，海南航空HU492航班起飞后返航，疑似因为飞机挡风玻璃破裂 导致。 飞常准平台显示，涉事HU492航班 为波音787-9宽体机，编号B1546，机龄9.2年，座位 数289个。该 航班已于2月7日3:05取消。 HU492 , 客机 丹麦 ▷ | 追踪 (Pro b = d 英国 VR lk :90 P ！ 兰 布鲁塞尔 > 风场 M 德国 比利时 卢森堡 气象 捷克 斯洛 奥地利 匈牙 法国 瑞士 斯洛文尼亚 K = HE 返航取消 航班已于02月07日03:05取消 STETI 77 PEK 北京首都 T2 BRU 布鲁塞尔 MAIN | 7 飞常准预计 飞常准预计 当地 当地 - 官方预计 官方预计 -- :-- 2/7 04:40 计划 计划 2/6 12:20 实际推出 12:28 有乘客拍到空中放油、挡风玻璃破裂 海航通报：系机械故障，已安全降落 该航班原计划当地时间2月6日12： 20从布鲁塞尔飞往北京。有乘客在社交平台发文表 示，"以为是普通小事故。下了廊桥结果发现是挡风玻璃碎了。"现代快报记者在社交平台 发现，有多名网友称在飞机上看到HU492在空中放油，随后飞机返 ...