消息面上，9月13日，马来西亚亚洲航空表示对采购中国C919客机表现出浓厚兴趣，此举旨在开拓东南 亚市场并把握中国-东盟经贸机遇，此前C909支线客机已成功进入印尼、老挝等市场。此外，2025年9月 3日，阅兵活动首次设立"新型作战力量"方阵，展示无人机智能化编队技术实战化成果，凸显国防军工 产业升级趋势。 9月16日，国防军工板块震荡走低，国防军工ETF（512810）盘中跌逾1%，成交额超4000万元，场内溢 价频现，显示买盘较强劲，昨日近千万资金逢跌增仓。 成份股方面，权重股中国船舶跌近4%，中航沈飞、航发动力、中航西飞等跌逾1%。另一方面，铂力特 逆市涨超4%，际华集团涨超3%。 | | 代码 7 | 简称 | 收盘价(原始币种) | 权重 | | --- | --- | --- | --- | --- | | 1 | 600150.SH | 中国船舶 | 38.51 | 5.4410% | | 2 | 002625.SZ | 光启技术 | 46.58 | 5.3350% | | 3 | 600760.SH | 中航沈飞 | 58.39 | 4.5540% | | ব | 600893.SH | 航发 ...

Core Points - The international passenger route from Kashgar, Xinjiang, China to Khujand, Tajikistan has officially resumed operations, marking a significant development in regional connectivity [1] - The route is operated by China's domestically developed C909 regional passenger aircraft, with a one-way flight time of approximately 2 hours and 10 minutes [1] - The route is set to operate regularly, with one round trip scheduled every Tuesday, catering to market demand, especially during the peak tourist season in Xinjiang [1] Industry Impact - The resumption of this route significantly reduces travel time between Kashgar and Khujand, enhancing the accessibility between Xinjiang and Central Asian countries [1] - This development is expected to facilitate personnel exchanges and provide an efficient travel channel for international passengers [1] - The route is anticipated to promote economic and trade cooperation, as well as cultural tourism between Xinjiang and Central Asia [1]

Group 1 - The 55th Paris Air Show showcased over 2,500 companies from 48 countries, highlighting innovations in the aerospace sector, with more than 70 Chinese exhibitors presenting their advancements across the entire industry chain [1] - China Aviation Industry Corporation presented 30 key products, including military aircraft like the J-35A and various drones, marking a significant presence at the event [1] - The Chinese commercial aircraft manufacturer displayed the C919 and C909 models, with the C919 entering large-scale delivery and both models capable of using sustainable aviation fuel [2] Group 2 - The establishment of a "China Exhibition Area" by the China Aviation Society allowed over 20 companies to showcase their capabilities, enhancing the visibility of Chinese enterprises [3] - Shenzhen United Aircraft Group introduced new products aimed at low-altitude economy, successfully forming preliminary cooperation intentions with over 10 global agents during the exhibition [3] - CAE's 2025 Global Aviation Talent Forecast predicts a demand for 1.5 million new aviation professionals by 2034, with China expected to contribute 140,000 of these positions [4] Group 3 - The event emphasized the importance of building resilient industry partnerships amid geopolitical complexities and supply chain pressures, with Chinese companies actively seeking closer collaborations with global partners [4] - China Commercial Aircraft Corporation signed memorandums of understanding with international firms to enhance cooperation on the C929 project, reflecting a commitment to global aviation development [4]

Core Insights - The aviation industry is facing significant challenges in 2025 due to engine issues and parts shortages, leading to record-high grounded aircraft numbers [1][2] - Willie Walsh, the IATA director general, highlighted the ongoing disappointment among airlines regarding delayed aircraft deliveries and engine-related operational disruptions [1][5] Group 1: Engine Issues - Nearly 70% of grounded aircraft globally are equipped with Pratt & Whitney's PWG1000 series engines, particularly affecting the A320neo fleet [2] - The PW1100 engine has been flagged for safety concerns, requiring extensive inspections that could lead to an average of 350 aircraft being grounded daily from 2024 to 2026 [2][3] - In May 2025, domestic airlines reported an average of 4.4 days of grounded aircraft, with PW1100-equipped planes averaging 16.2 days, significantly higher than the average [3] Group 2: Supply Chain and Delivery Delays - The backlog of undelivered aircraft has surged to over 17,000 units, double the pre-pandemic average, with delivery times potentially extending to 14 years [5][6] - Airlines are experiencing increased rental costs due to limited aircraft supply, with narrow-body aircraft rental rates rising by 20-30% compared to 2019 [7] - The supply chain issues are expected to persist through 2025 and possibly into the next decade, impacting airline operations and profitability [5][6] Group 3: Market Dynamics - While some airlines face challenges due to aircraft shortages, the delays in new aircraft deliveries may alleviate overcapacity in the domestic market [6] - Aircraft leasing companies are benefiting from the situation, with Avolon reporting a 36% increase in net profit in Q1 2023 [9] - The delays in Boeing and Airbus deliveries are providing opportunities for domestic manufacturers like COMAC, which plans to ramp up production of the C919 aircraft [9]