China, Russia launch long-haul challenge to Boeing, Airbus

China and Russia on Monday launched an ambitious project to jointly develop a long-haul jet to challenge Boeing and Airbus, just two weeks after the successful test flight of the first made-in-China large passenger plane.State-run Chinese manufacturer Commercial Aircraft Corporation of China (COMAC) and Russia's United Aircraft Corporation (UAC) said they formally established the previously announced joint venture in Shanghai on Monday.