China Aviation Industry Corp. Group, the result of the merger of AVIC I and AVIC II, was launched in November and will be responsible for the production of China's large commercial aircraft. CAIC has since signed an agreement with Shanghai's municipal government to establish a commercial aero engine company of which CAIC is the controlling stakeholder of the new venture, which is expected to launch in six months. The engine company will include privately run companies as shareholders, and … [Read more...] about New engine company for consolidated China Aviation
China Aviation Industry Corp
China: 2 AVICs become China Aviation Industry Corp
China’s AVIC I recently said that the merged company it is forming with AVIC II will be called “China Aviation Industry Corp. Group”. The merger, which aims to create a state-owned company to oversee aircraft manufacturing in China, including development of a “jumbo aircraft” by 2020 to compete with 737s and A320s, has been delayed several times this year. AVIC I said integration processes are underway but the official start of CAIC Group will be delayed until … [Read more...] about China: 2 AVICs become China Aviation Industry Corp
