
Comac aims to acquire a majority stake in Lao Airlines
The Chinese aircraft manufacturer Commercial Aircraft Corporation of China (Comac) is considering acquiring a majority stake in Lao Airlines, the national flag carrier of Laos. This was reported by the state-run Vientiane Times newspaper, citing a statement by Laotian Prime Minister Sonexay Siphandone to the National Assembly. According to the report, the Laotian government is reviewing a proposal from China for a "comprehensive joint venture" in which Comac would hold at least 51 percent of the shares. Lao Airlines is one of four state-owned enterprises in Laos currently undergoing a reform phase. Neither Lao Airlines nor Comac have yet commented on the reports. Comac's potential entry into the national flag carrier of Laos follows the delivery of a Comac C909 regional jet to Lao Airlines at the end of March this year. The airline has since deployed the aircraft on its domestic routes. This is part of Comac's strategy to gain a foothold in foreign markets and compete with established aircraft manufacturers Airbus and Boeing. The C909, formerly known as the ARJ21, is China's first series-produced jet-powered aircraft and entered service in 2016. Comac has been intensifying its marketing efforts to international regulators and airlines since the beginning of last year in order to compete globally with rivals Airbus, Boeing, and Embraer and to ramp up production of its aircraft. While the narrow-body C919 currently flies only within China, the smaller C909 regional aircraft have already been sold to airlines in Indonesia, Vietnam, and Laos. An independent audit firm is currently assessing the overall value of Lao Airlines as part of the partnership negotiations. Comac has








