Latest news with #AvicChengduAircraftCoLtd
India.com
4 days ago
- Business
- India.com
Pakistan's much hyped JF-17 fighter jet with Chinese frame and Russian engine costs..., much cheaper than India's...
New Delhi: Tensions between India and Pakistan are at an all-time high following the ceasefire. During Operation Sindoor, Pakistan attacked several Indian border towns with drones and missiles. India also retaliated strongly and destroyed many Pakistani targets. In the meantime, there is a lot of discussion about India's Rafale fighter jet and Pakistan's JF-17 Thunder fighter jet. India has purchased Rafale from France, while the JF-17 Thunder has been jointly developed by China and Pakistan. There is a significant price difference between the two. Rafale is considered the second most expensive fighter in the world after the F-22, while the price of JF-17 Thunder is comparatively much lower. The JF-17 Thunder is considered the backbone of Pakistan's Air Force alongside the F-16 fighter. It was built by the Chinese company Avic Chengdu Aircraft Co Ltd. Shares of this company rose by 53 percent in five days during the conflict. The JF-17 Thunder is a fourth-generation lightweight, single-engine multirole fighter. It has been jointly developed by Pakistan Aeronautical Complex (PAC) and China's Chengdu Aircraft Corporation (CAC). The JF-17 can be used for multiple roles, including interception, ground attack, anti-ship, and aerial reconnaissance. The JF-17 can deploy diverse ordnance, including air-to-air, air-to-surface, and anti-ship missiles, guided and unguided bombs, and a 23 mm GSh-23-2 twin-barrel autocannon. Powered by a Guizhou WS-13 or Klimov RD-93 afterburning turbofan, it has a top speed of Mach 1.6. The JF-17 was inducted in the PAF in February 2010. Although a lot of makeshift technology has been used in this fighter, it features a Chinese airframe, a Western avionics system, and a Russian engine. Its biggest advantage is that it is very cheap. This is why countries that cannot afford expensive fighters like Rafale, F-16, and Eurofighter Typhoon opt for JF-17 Thunder. These include Azerbaijan, Myanmar, and Nigeria. According to media reports, the price of one unit is 25 million dollars, which is about 2.13 billion rupees, while the price of Rafale is around 135 million dollars or 11 billion rupees.
India Today
08-05-2025
- Business
- India Today
India-Pak tensions lift Chinese jet maker's stock by 36% in 2 days
The stock of Chinese jet maker Avic Chengdu Aircraft Co Ltd has gone up by over 36% in just two days. This sudden rise comes as tensions between India and Pakistan have increased following India's recent military Chengdu Aircraft is a Chinese defence company. It makes fighter jets such as the JF-17 Thunder and the J-10C Vigorous Dragon, which are used by the Pakistan Air Force. As of Thursday, the company's share price rose by 16.37% to reach 80.68 yuan. This was after a 17% jump on Wednesday. In total, the stock has gained 36.21% in two days and has gone up 44% in the past one jump in the company's stock price comes at a time when there have been many reports following India's recent strikes. Some reports on social media claimed that Pakistan had shot down Indian fighter jets. However, these were later debunked by fact checkers. The Indian Embassy also warned the Chinese state-run Global Times not to share unverified news about India's military carried out what it called Operation Sindoor, a missile attack on nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK) on May 7. These included targets in Bahawalpur, Kotli, Muzaffarabad, and Muridke, according to a statement from Pakistan's foreign ministry. Other places reportedly hit by Indian missiles included Gulpur, Bhimber, Bagh, Chak Amru, and was the first such missile operation by India since the 1971 war. It was a joint action by the Indian Army, Navy, and Air Force. Following the strikes, Pakistan's Karachi 100 stock index dropped by 3,559.48 points, or 3.13%, closing at 1,10,009.03 on stock markets, however, remained steady. Both Sensex and Nifty ended the day in green. Market experts said that while the situation with Pakistan has become tense, it has not affected investor confidence in India so far.A report from Emkay Global said India's strong reply after the Pahalgam terror attack has increased fears of further conflict. However, it believes markets will not be deeply affected unless the situation added that the market might see some pause or sideways movement in the short term, but still expects Nifty to grow by around 7% in FY26. Emkay also said small and mid-cap stocks may perform Singh, Founder at said that short-term caution is normal, but Indian markets have shown strong recovery in the past after similar incidents. 'Unless there is a larger economic or global shock, tensions between India and Pakistan have not caused long-term damage to markets. Investors should keep their focus on business fundamentals, not fear,' he InMust Watch advertisement
