Chinese firm to design 'cheaper' regional jet

 - July 28, 2008, 11:46 AM

China Aviation Industry, the country’s largest state-owned air-plane manufacturer, said at the Paris Air Show last month it plans to design and build a 70- to 90-seat regional jet that will be 10 percent cheaper to buy and to operate than competitive aircraft from Bombardier and Embraer. Officials in Paris declined to give the price of the ARJ21, or when it would enter the market.