AVIC Chengdu share price slips 1.5% after China-made MiG-21 copy F-7 crashes in Bangladesh
The crash, which occurred on Monday, left at least 27 dead — including the pilot — and injured over 170 others in one of the worst aerial disasters in Bangladesh's recent history.
At the heart of the crash was the F-7 BGI, a modernised version of China's Chengdu F-7, which traces its lineage back to the Soviet-era MiG-21 and was in mass production into the 1980s.
Deemed obsolete by international standards, the manufacturing of the J-7 ended in the 2010s. However, some international users remain, including Bangladesh. The F-7 remains a core component of Bangladesh's air fleet — largely due to its affordability and reliability for pilot training and light combat missions.
The country had purchased 57 F-7 jets from China between 1989 and 2011, a Bloomberg report said, citing the Stockholm International Peace Research Institute. That puts it as the fourth biggest buyer of the Chinese jets historically.
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