China’s first homegrown airliner makes international debut in Singapore 

China has indicated a push this year to advance the C919 and COMAC’s footprint domestically and internationally. Supplied
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Updated 18 February 2024
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China’s first homegrown airliner makes international debut in Singapore 

SINGAPORE: China’s challenger to Airbus and Boeing’s passenger jets, the narrow-body C919 manufactured by the Commercial Aircraft Corp. of China, or COMAC, has made its first trip outside Chinese territory, staging a fly-by at the Singapore Airshow on Sunday. 

China has invested heavily in its attempt to break the hold of the dominant two Western planemakers on the global passenger market. 

China has indicated a push this year to advance the C919 and COMAC’s footprint domestically and internationally. The plane is only certified within China and the first of now four C919s began flying with China Eastern Airlines last year. 

With Airbus and Boeing struggling to ramp up production and meet demand for new planes, and Boeing struggling with a string of crises, the aviation industry is watching how COMAC positions itself as a viable alternative. 

COMAC will invest tens of billions of yuan over the next 3-5 years to expand C919 production capacity, Chinese media reported a COMAC official saying in January. 

China's aviation authority said last month it would this year pursue European Union Aviation Safety Agency validation for the C919, a process which began in 2018. 

The C919 was one of two commercial planemakers flying their planes off Singapore’s coast alongside Airbus at a Sunday preview for Asia’s biggest air show. Boeing will not display a commercial aircraft this year. 

COMAC has two passenger products: the ARJ21 regional jet and the larger C919 twin-engine narrow-body airliner with 158-192 seats, which competes with the established Airbus A320neo and Boeing 737 MAX 8 models. 

The C919 made its first flight outside mainland China in December to Hong Kong. ARJ21s are in use by Indonesia’s TransNusa Air. 

Many inside the industry caution that only four C919s are in service in China; the plane is only certified by Chinese regulators and the C919 relies international supply chains. 

However, the aviation industry-wide supply crunch, which is testing an expected full return and then growth of civil capacity in Asia, is garnering COMAC more attention. 

“We have also seen a growing trend where clients are including the C919 option in their fleet evaluation,” said Adam Cowburn of Alton Aviation Consultancy. 

Two C919s were delivered in 2023. Aviation consultancy IBA forecasts 7-10 C919s could be delivered in 2024. 

“With Airbus and Boeing narrowbodies in the A320neo and 737 MAX families sold out for most of this decade, the C919 has a strong opportunity to gain market share, particularly in its domestic market,” said Mike Yeomans of aviation consultancy IBA. 

“The immediate challenges for COMAC are around production to meet local demand and certification to penetrate international markets,” Yeomans added. 


Post-break return of students drives surge in education spending, SAMA data shows

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Post-break return of students drives surge in education spending, SAMA data shows

RIYADH: Spending on education in Saudi Arabia increased by 141.1 percent for the week ending Jan. 24, as students returned to the classroom after the mid-year break.

This was accompanied by a 7 percent increase in spending on books and stationery, which reached SR146.17 million ($38.9 million).

According to the latest data from the Saudi Central Bank, the over POS value dropped 10.6 percent to SR12.52 billion, with transactions representing a 9.7 percent week-on-week decrease to 213.62 million.

This week saw negative changes across all the remaining sectors. Spending on bakeries and pastries saw an 18.4 percent decline to SR229.71 million, while gas stations saw an 11 percent drop. Professional and business services decreased by 11.6 percent.

Expenditure on apparel and clothing fell by 19.7 percent to SR985.94 million, followed by a 2.8 percent drop in spending on jewelry.

Spending on car rentals in the Kingdom fell by 14.7 percent, while airlines saw a 9.3 percent decrease to SR38.16 million.

Expenditure on food and beverages saw a 7.9 percent decline to SR1.88 billion, claiming the largest share of the POS. Restaurants and cafes retained the second position despite an 18.5 percent decrease to SR1.50 billion.

Geographically, Riyadh accounted for the largest share of total POS spending, but still saw a 6 percent dip to SR4.46 billion, down from SR4.74 billion the previous week. The number of transactions in the capital settled at 69.07 million, down 6.8 percent week on week.

In Jeddah, transaction values decreased by 13.6 percent to SR1.75 billion, while Dammam reported a 4.8 percent decrease to SR640.59 million.

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia. 

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives. 

The growth of digital payment technologies aligns with the Kingdom’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.