China’s C919 passenger jet completes first long-distance flight

COMAC plans to eventually test six C919 planes and will carry out the first flight for its second jet by the end of this year. (Reuters)
Updated 10 November 2017
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China’s C919 passenger jet completes first long-distance flight

SHANGHAI: China’s self-developed C919 passenger jet completed its first long-distance flight on Friday, in a milestone that its manufacturer said marks the plane’s move into an airworthiness certification phase.
The Commercial Aircraft Corp. of China (COMAC) said in a statement the C919 flew for 2 hours and 23 minutes from Shanghai to the central Chinese city of Xi’an, traveling more than 1,300 kilometers and reaching an altitude of 7,800 meters.
The jet, which China wants to compete with Boeing’s 737 and the Airbus A320, is a symbol of China’s civil aerospace ambitions. It will remain in Xi’an to undergo further testing, the planemaker said.
“This ferry flight indicates that the C919 possess the ability to fly inter-city routes,” COMAC said in the statement. “(It) marks the move into research and development flight-testing and airworthiness certification work.”
The latest flight is the plane’s sixth test since it flew for the first time on May 5. Analysts had questioned the long time gaps between previous test flights.
COMAC is aiming to obtain certification for the plane from Chinese regulators as well as Europe’s aviation safety regulator, which in April agreed to start the certification process.
COMAC said it planned to eventually test six C919 planes and will carry out the first flight for its second jet by the end of this year. The plane currently has 27 customers who have placed orders and commitments for 730 jets, it added.


PepsiCo first-quarter revenue beats estimates

Updated 26 April 2018
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PepsiCo first-quarter revenue beats estimates

BENGALURU: PepsiCo reported first-quarter sales that topped analysts’ estimate on Thursday on higher demand for its snacks such as Doritos and Cheetos as well as beverages such as Lipton tea.
The company said its Frito-Lay North America snacks business had strong performance with a 3 percent organic revenue growth. Organic revenue excludes benefits from divestitures and acquisitions.
Sales at its beverage unit, which makes Lipton tea and Mountain Dew, fell 1 percent, but were an improvement over the past two quarters when sales fell at least 3 percent.
PepsiCo’s net income rose to $1.34 billion, or 94 cents per share, in the first quarter ended March 24, from $1.32 billion, or 91 cents per share, a year earlier.
Total revenue rose 4.3 percent to $12.56 billion, topping analysts’ estimate of $12.40 billion, according to Thomson Reuters.