TORONTO, ONTARIO--(Marketwired - May 08, 2017) - Firan Technology Group Corporation (TSX: FTG) celebrates the first Chinese-built passenger jetliner completing its first flight on May 5, 2017 from Shanghai Pudong International Airport.

The COMAC C919 is a narrow-body twin engine airliner being developed by Chinese aerospace manufacturer COMAC, to meet growing Chinese domestic air transportation demand, as well as for export sale globally. As of today, COMAC has received 570 orders from over 20 customers.

FTG was selected as a supplier for the C919 aircraft in 2013 and signed a long term Supply Contract with AVIC's subsidiary - Shanghai Avionics Corp. (SAVIC) for Control Panel Assemblies in 2015. Under the Supply Contract, FTG will design, develop, manufacture and supply the Display Suite Control Panel Assemblies in FTG's facilities in Toronto, Canada and Tianjin, China. The Supply Contract covers a minimum of 1,440 production ship sets consisting of 9 control panel assemblies per set.

"The COMAC C919 first flight is the biggest and most visible milestone in its development. We are very proud to be a part of it and I am sure the team at SAVIC and everyone involved in the program are equally proud as it is significant not only for China, but also the entire global aerospace industry," stated Brad Bourne, President and CEO, FTG Corporation. He added, "We realize there is still much work to do and we remain committed to making this program a success as we do with all activities at FTG with our focus on Operational Excellence."

Shanghai Avionics Corporation (SAVIC) is a wholly-owned subsidiary of AVIC, incorporated and existing under the laws of People's Republic of China. Aviation Industry Corporation of China (AVIC) is a Chinese state-owned aerospace and defense company