Aviation Industry Corporation of China
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Native name
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Chinese: 中国航空工业集团公司 |
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| State owned company | |
| Industry | Aerospace, Defence, Electronics |
| Predecessor |
China Aviation Industry Corporation I China Aviation Industry Corporation II |
| Founded | November 6, 2008 |
| Headquarters | Chaoyang District, Beijing, China |
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Area served
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worldwide |
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Key people
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Lin Zuoming (Chairman and CEO) |
| Products | Civil and military aerospace Trucks Automobile parts Electronics Robots |
| Revenue |
 CN￥ 392 billion / US $62.3 billion (2014) |
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CN￥ 370.6 billion (2016) |
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CN￥ 16.73 billion (2016) |
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| Total assets | CN￥ 854.6 billion (2016) |
| Owner | SASAC |
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Number of employees
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535,942 (2015) |
| Divisions | |
| Subsidiaries | |
| Website | www.avic.com |
| Aviation Industry Corporation of China | |||||||
| Simplified Chinese | 中国航空工业集团公司 | ||||||
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| Traditional Chinese | 中國航空工業集團公司 | ||||||
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| Transcriptions | |
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| Standard Mandarin | |
| Hanyu Pinyin | Zhōngguó Hángkōng Gōngyè JÍtuán Gōngsī |
Aviation Industry Corporation of China (AVIC) is a Chinese state-owned aerospace and defense company. It is ranked 159th place in the Fortune Global 500 lists.
Since being established on 1 April 1951 during the Korean War as the Aviation Industry Administration Commission, the aviation industry of the People's Republic of China has been through 12 systemic reforms.
AVIC purchased American aircraft engine manufacturer Continental Motors, Inc. in 2010, and American aircraft manufacturer Cirrus in 2011.
China Aviation Industry Corporation (Chinese: 中国航空工业总公司) was a Chinese consortium of aircraft manufacturers. On July 1, 1999, this consortium was split into China Aviation Industry Corporation I and China Aviation Industry Corporation II.
On 28 October 2008, AVIC I and AVIC II officially merged because the previous separation resulted in split resources and led to redundant projects. The major focus of AVIC is to efficiently develop indigenous military technologies, and to eventually compete with Airbus and Boeing in the civilian airline industry.
During the Airshow China 2008, AVIC appeared to the public for the first time.
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Wikipedia