Thanks for the comments everyone.
Venezuelan Aerospace Industries CJ-1
The VAI CJ-1 is a family of long-range, twin-engine wide-body jet airliners developed by Venezuelan Aerospace Industries. The CJ-1 is the first Venezuelan airliner with both fuselage and wing structures made primarily of carbon-fibre-reinforced polymer. Its variants seat 325 to 366 passengers in typical three-class seating layouts. The CJ-1 is positioned to succeed the VA140 and AC-10, and compete with Boeing's 787, 777 and Airbuses A330, A340 and A350.
During the early 1990s, the Venezuelan government began talks with the largest Venezuelan manufacturers in order to encourage them to merge so they could compete more effectively against US and European manufacturers. The main manufacturers, CAV, VeneAvia and Aerotécnica, agreed to merge and in 1999 Venezuelan Aerospace Industries was formed with the new company in charge development, construction and marketing of all the aircraft developed by the founding companies, it was decided the existing aircraft would retain their original designations while the newly developed designs would be named according to the new companies designation system.
Development of the new airliner began in early 2000, originally as a stretched VA140 with redesigned wings and more powerful engines that could compete with the Boeing 777 and the Airbus A330 while an upgraded AC-10 variant would compete with the A340 and the Boeing 747, but with the September 11, 2001 attacks and increased petroleum prices, making airlines more interested in efficiency than speed and Boeing’s launch of the 7E7, it was decided to scrap development of the improved VA140 and AC-10 and at the same time develop a new range of airliners that would replace all the Venezuelan airliners in service.
The aircraft's initial designation was the CJ-X, prior to its renaming in February 2004. The first CJ-1 was unveiled in a roll-out ceremony on July 5, 2009 at VAI’s Ciudad Guyana factory. Development and production of the CJ-1 has involved a large-scale collaboration with numerous suppliers worldwide. Final assembly takes place at the VAI Ciudad Guyana factory, and at the VAI Bogotá factory. Originally planned to enter service in October 2010, the project experienced several delays due to engine development problems. The airliner's maiden flight took place on December 21, 2011, and completed flight testing in mid-2012.