China´s first commercial big jet company takes off WATCH VIDEOSource: CCTV.com 05-11-2008 12:59 China’s 1st commercial super-jumbo jet company has just been launched in Shanghai. The company has 19-million in registered capital and will be responsible for developing, making and marketing the first made-in-China jumbo jet. The State-owned Assets Supervision and Administration Commission will be the biggest share holder with 6 million yuan. The second largest stake holder is a conglomerate between the Shanghai Municipal Government, Avic I and Avic II. The firm will build planes with a take-off weight of more than 100 tons, or planes with more than 150 seats. The president of the newly-established Commercial Aircraft Corporation of China Ltd (CACC) said its guiding principle of becoming an independent, competitive civil aircraft manufacturer will not affect the company’s openness to international collaboration. “We welcome foreign suppliers, and will purchase engines and other on-board systems and facilities from them because we believe in mutual benefit,” Jin Zhuanglong said in an interview on Saturday. Earlier media reports quoted Laurence Barron, president of Airbus China, as saying that the European aircraft maker is looking for any possibility of collaboration with Chinese partners on the program According to Zhang, CACC had received the support of global heavyweights such as Boeing, Airbus, GE, Honeywell and Bombardier in its formative stage. Jin Qiansheng, head of the …