This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Trans-Pacific Aerospace Company, Inc. Board Advisor Takes In-Depth Look At China's First Homegrown Jet—And Why It Matters—in New Forbes Article

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 (, as well as Kwong's look in Forbes at China's ARJ-21 here ( All of Kwong's previous Forbes articles can be accessed here (

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.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,043.24 -10.47 -0.06%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs