Native name Chinese: 中国航空工业集团公司 Area served worldwide Motto All Value In Creation | Type State owned company Headquarters Beijing, China Number of employees 535,942 | |
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Key people Lin Zuoming (Chairman and CEO) Products Civil and military aerospace
Trucks
Automobile parts
Electronics
Robots Revenue CN￥ 392 billion / US $62.3 billion (2014) Founded 6 November 2008, Beijing, China Owner State-owned Assets Supervision and Administration Commission of the State Council Subsidiaries Chengdu Aircraft Industry Group Predecessors China Aviation Industry Corporation I, China Aviation Industry Corporation II | ||
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.
Contents
History
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.
Split
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.
Merge
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.