New firm welcomes foreign collaboration

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.