Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) announced today that Forbes published "China’s First Homegrown Jet–And Why It Matters," authored by Trans-Pacific Aerospace Company’s Board of Advisor member, Ray Kwong.
The feature story provides an on-the-ground look at how China’s plan to build its first big passenger plane promises to reshape its fast-growing aviation market, and how it might impact OEMs like Boeing and Airbus. China's C919, the first all new narrow-body airliner design in almost 30 years, will go head-to-head against Boeing's 737 and Airbus A320 families.
These types of planes constitute the single largest-selling category of commercial aircraft in use today. Global demand for narrow-bodies over the coming two decades will be 21,160, according to Boeing estimates.
"The article is an excellent primer on what's happening in the China aviation sector and a must-read for insight into China's state-owned carriers and China as a source for capital financing for airlines throughout the world," said Bill McKay, Trans-Pacific Aerospace CEO.Trans-Pacific Aerospace has already engaged in discussions with AVIC regarding bearings for the C919 and plans to assist AVIC in the design of those bearings, which the company is hopeful it will produce. State-owned Commercial Aircraft Corp. of China (Comac), in which AVIC is a major stakeholder, expects to sell 2,509 C919s over the next 20 years. The C919, the largest commercial airliner designed and built in China, is a 168-190 seat narrow-body jet, with deliveries slated to begin in 2016. Trans-Pacific Aerospace is currently on schedule to submit qualification samples to the U.S. Navy for SAE-AS81820, 81934 and 81935. Among other aircraft, these bearings are flight critical for Boeing's 737 and Airbus A320 families. You can read "China’s First Homegrown Jet–And Why It Matters" here ( http://twurl.nl/47g1z7), as well as Kwong's look in Forbes at China's ARJ-21 here ( http://twurl.nl/7nc8ra). All of Kwong's previous Forbes articles can be accessed here ( http://twurl.nl/38b3nz). Trans-Pacific Aerospace Company plans to use its proprietary aerospace bearing technologies to manufacture and sell component parts for both new commercial aircraft and spares for the existing commercial fleet, initially through a joint venture in China. The component parts are referred to as self-lubricating spherical bearings, and they help with several flight critical tasks including aircraft flight controls and landing gears. Information About Forward-Looking Statements This press release contains or incorporates by reference “forward-looking statements” including certain information with respect to plans and strategies of Trans-Pacific Aerospace Company, Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words “believes,” “suggests,” “anticipates,” “plans,” “expects,” and similar expressions are intended to identify forward-looking statements. There are a number of events or actual results of Trans-Pacific Aerospace Company, Inc. operations that could differ materially from those indicated by such forward-looking statements.