Trade tensions with U.S. may have delayed China decision on CR929 engine pick: GE

SHANGHAI (Reuters) – U.S.-China trade tensions may have delayed the decision by China’s state aircraft manufacturer to choose an engine supplier for the widebody jet programme CR929, the Greater China President of GE Aviation said on Thursday.

A decision on the engine selection is expected to take place in the second quarter next year, Xiang Weiming told reporters in a group interview on the sidelines of an aviation summit in Shanghai.

GE (N:) is competing with Rolls Royce (L:) to provide engines for the CR929 programme, co-developed by the Commercial Aircraft Corp of China (COMAC) and its Russian counterpart United Aircraft Corporation.

The Russian chief designer said last year that a decision on the engine selection was expected in the first half this year.

When asked about the delay, a COMAC spokeswoman said the CR929 is still in the process of preliminary designing, and did not provide other details.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.