GallopAir Signs LOI for $2-Billion Deal
Brunei-based airline GallopAir intends to purchase thirty C919 narrow-body aircraft from Chinese plane-maker Commercial Aircraft Corporation of China (COMAC). The inchoate sale occasions the first overseas purchase of the Chinese state-owned airframer’s controversial jet, which is broadly believed to instantiate myriad instances of industrial espionage perpetrated against Western aircraft OEMs the likes of Boeing and Airbus. GallopAir set forth in a September 2023 statement that it had signed a Letter Of Intent (LOI) with COMAC establishing the air-carrier’s intention to purchase 15 COMAC ARJ21 aircraft, to include freighter and business jet variants, and 15 C919 airliners, which compete, ostensi