Shares in Sichuan Chengfei Integration Technology rise (JF-17 makers)

[waz]

Beijing has refused to confirm a former Pakistani air force officer’s claim that China-made JF-17 fighters were used by the Pakistan Air Force to shoot down Indian military aircraft.

Less than two hours after the claim was made on Wednesday morning, the share price of the state-owned plane maker’s sister company rose in trading in Shenzhen.

The Chinese defence ministry did not respond on Thursday when asked whether JF-17s were involved in the Pakistan-India clashes.


Instead, ministry spokesman Ren Guoqiang said: “The most urgent and important thing is both India and Pakistan should keep restraint.”

The Pakistan Air Force (PAF) had said on Wednesday that it shot down two Indian fighter jets that entered Pakistani airspace near the Kashmir Line of Control, and captured a pilot. India said that its air force lost only one MiG-21 Bison and pilot while shooting down a Pakistani F-16.

The Pakistani military denied any involvement of the American-made F-16s in the engagement, making it more likely JF-17 jets were deployed – a theory bolstered by a tweet by a retired PAF officer.

“Proud to announce, I was project director for JF-17 Thunder programme jointly produced by Pakistan and China during the [2001-2008] tenure of general Pervez Musharraf,” retired PAF air marshall Shahid Latif tweeted early Wednesday morning.

“Today, same jets targeted and shot down Indian jets which entered Pakistani airspace.”


When trading opened less than two hours later in China, shares in Shenzhen-listed Sichuan Chengfei Integration Technology (CAC-SCIT), a sister company of JF-17 maker Chengdu Aircraft Corporation (CAC), rose 10 per cent in five minutes – hitting the maximum daily rise allowed on the Chinese stock market.

Shares in CAC-SCIT, which makes car parts, rose a further 10 per cent on Thursday. CAC is not publicly listed.

CAC-SCIT shares had dropped back 5.57 per cent by midday on Friday.

If confirmed, the Pakistani operation would represent the first success by JF-17s in real air combat.

The lightweight, single-engine, multi-role combat aircraft JF-17 was developed by CAC and is produced jointly with defence and aviation contractor Pakistan Aeronautical Complex. The PAF has about 110 JF-17s.

https://www.scmp.com/news/china/mil...s-chinese-jf-17-jets-shoot-down-indian-planes

 

[zulu]

For JF 17 Thunder""ek puppi idhar,ek puppi idhar"""

 

[Pakistani Aircraft]

I think Indians used to say JF-17 Thunder is a Chinese jet fighter and not Pakistani.

I don't hear Indians making such claims anymore.

 

[Jinn Baba]

IAF has been shocked and humiliated! They thought they would dominate any fight against PAF - but our air force neither let them cause any damage on the ground, nor let them obtain any air dominance, and on top shot their planes down.

Where are those Indians now who thought Bisons with their Israeli avionics would take on the PAF on their own, or that Phalcons were some super awesome weapon that would detect any plane that took off anywhere in pak and jam its radars, or that PAF fighters would be detected and shot by MKIs the moment they take off

Actually, where are the PDF Indian members who thought that IAF had blocked PAF radars with their super duper Israeli avionics the night they came to launch a strike?

Sab ki phus ho gai. I go on the likes of Bharat Narakshak now and all they talk about is buying more Rafael, how S400 cant arrive fast enough, and hoping they stop F16 spares from the US

 

[waz]

I think Indians used to say JF-17 Thunder is a Chinese jet fighter and not Pakistani.

I don't hear Indians making such claims anymore.

Yep they called it Chinese junk, Chinese junk which destroyed their interceptor, which may have been the cause of MI-17 destroyed and God knows what else.
So I guess their stuff must be junk x 10.

OPEN NICE AND WIDE NOW....

Looking forward to the PAF upgrading to more advanced Chinese "junk".

 

[Pepsi Cola]

Pakistan Zindabad

 

[Jinn Baba]

I heard the Israelis are demanding that India return all Israeli made avionics and weapon systems. Apparently they dont want the Indians further damaging the Israelis reputation

 

[Hakikat ve Hikmet]

Trade with and invest in Pak = Rise in your stock price, trade volume, profitability etc....

Beijing has refused to confirm a former Pakistani air force officer’s claim that China-made JF-17 fighters were used by the Pakistan Air Force to shoot down Indian military aircraft.

Less than two hours after the claim was made on Wednesday morning, the share price of the state-owned plane maker’s sister company rose in trading in Shenzhen.

The Chinese defence ministry did not respond on Thursday when asked whether JF-17s were involved in the Pakistan-India clashes.


Instead, ministry spokesman Ren Guoqiang said: “The most urgent and important thing is both India and Pakistan should keep restraint.”

The Pakistan Air Force (PAF) had said on Wednesday that it shot down two Indian fighter jets that entered Pakistani airspace near the Kashmir Line of Control, and captured a pilot. India said that its air force lost only one MiG-21 Bison and pilot while shooting down a Pakistani F-16.

The Pakistani military denied any involvement of the American-made F-16s in the engagement, making it more likely JF-17 jets were deployed – a theory bolstered by a tweet by a retired PAF officer.

“Proud to announce, I was project director for JF-17 Thunder programme jointly produced by Pakistan and China during the [2001-2008] tenure of general Pervez Musharraf,” retired PAF air marshall Shahid Latif tweeted early Wednesday morning.

“Today, same jets targeted and shot down Indian jets which entered Pakistani airspace.”


When trading opened less than two hours later in China, shares in Shenzhen-listed Sichuan Chengfei Integration Technology (CAC-SCIT), a sister company of JF-17 maker Chengdu Aircraft Corporation (CAC), rose 10 per cent in five minutes – hitting the maximum daily rise allowed on the Chinese stock market.

Shares in CAC-SCIT, which makes car parts, rose a further 10 per cent on Thursday. CAC is not publicly listed.

CAC-SCIT shares had dropped back 5.57 per cent by midday on Friday.

If confirmed, the Pakistani operation would represent the first success by JF-17s in real air combat.

The lightweight, single-engine, multi-role combat aircraft JF-17 was developed by CAC and is produced jointly with defence and aviation contractor Pakistan Aeronautical Complex. The PAF has about 110 JF-17s.

https://www.scmp.com/news/china/mil...s-chinese-jf-17-jets-shoot-down-indian-planes

For a reason the IQs of the kids of folks, engaged in "free trade", are higher than those of the other kids...

 

[Kiss_of_the_Dragon]

Yep they called it Chinese junk, Chinese junk which destroyed their interceptor, which may have been the cause of MI-17 destroyed and God knows what else.
So I guess their stuff must be junk x 10.

OPEN NICE AND WIDE NOW....

Looking forward to the PAF upgrading to more advanced Chinese "junk".

Now you guys are making Indians mad against us , next they will demand China not to sell anything to Pakistan.

 

[waz]

Now you guys are making Indians mad against us , next they will demand China not to sell anything to Pakistan.

They're always mad at you anyway brother, what's another thing!
Nah, they're not going to ask you to stop selling to Pakistan after all it's all junk, Chinese build quality and will fall apart and not work.

Pakistan is looking forward to some more junk;

 

[艹艹艹]

More countries will buy it

 

[Kiss_of_the_Dragon]

They're always mad at you anyway brother, what's another thing!
Nah, they're not going to ask you to stop selling to Pakistan after all it's all junk, Chinese build quality and will fall apart and not work.

Pakistan is looking forward to some more junk;

Indeed Pakistan need to get more Air power after this encounter, India will not go easy and take Pakistanis Airforce lightly like this time, you can be certain that they will arm to teeth with sophisticated aircraft in this area.

 

[ProudPak]

Indeed Pakistan need to get more Air power after this encounter, India will not go easy and take Pakistanis Airforce lightly like this time, you can be certain that they will arm to teeth with sophisticated aircraft in this area.

Indian airforce will perform better if they are trained by Pakistan

 

[conworldus]

The company itself does not make the JF-17. It is a subsidiary of Chengdu and makes automobile components I believe.

 

[Taimoor Khan]

Arms market is a ruthless business. Unfortunately, the Indian jets and pilots had to be sacrificed for JF17 marketing.