Comac

The Commercial Aircraft Corporation of China, Ltd. ("Comac", simplified Chinese: 中国商用飞机有限责任公司; traditional Chinese: 中國商用飛機有限責任公司; pinyin: Zhōngguó shāng yòng fēijī yǒuxiàn zérèn gōngsī, simplified Chinese: 中国商飞; traditional Chinese: 中國商飛; pinyin: Zhōngguó shāngfēi for short) is a Chinese state-owned aerospace manufacturer established on 11 May 2008 in Shanghai, China. The company has a registered capital of RMB 19 billion (US$2.7 billion as of May 2008). This government-owned corporation is designing and will eventually build large passenger aircraft with a capacity of over 150 passengers to reduce the country's dependency on Boeing and Airbus.