Aviation Industry Corporation of China

Aviation Industry Corporation of China
Native name
 Chinese: 中国航空工业集团公司
State owned company
Industry Aerospace, Defence, Electronics
Predecessor China Aviation Industry Corporation I
China Aviation Industry Corporation II
Founded November 6, 2008 (2008-11-06)
Headquarters Chaoyang District, Beijing, China
Area served
 worldwide
Key people
 Lin Zuoming (Chairman and CEO)
Products Civil and military aerospace
Trucks
Automobile parts
Electronics
Robots
Revenue Increase CN¥ 392 billion / US $62.3 billion[1] (2014)
Increase CN￥ 370.6 billion (2016)
Increase CN￥ 16.73 billion (2016)
Total assets CN￥ 854.6 billion (2016)
Owner SASAC
Number of employees
 535,942[1][2] (2015)
Divisions
Subsidiaries
Website www.avic.com
Aviation Industry Corporation of China
Simplified Chinese 中国航空工业集团公司
Traditional Chinese 中國航空工業集團公司

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.[1]

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.

Period Name of Organization
Apr 1951 - Aug 1952 Aviation Industry Bureau, Ministry of Heavy Industry
Aug 1952 - Feb 1958 4th Bureau, No.2 Mechanical Industry Department
Feb 1958 -Sept 1960 4th Bureau, No.1 Mechanical Industry Department
Sept 1960 - Sept 1963 4th Bureau, No.3 Mechanical Industry Department
Sept 1963 - Apr 1982 No.3 Mechanical Industry Department
Apr 1982 - Apr 1988 Ministry of Aviation Industry
Apr 1988 - Jun 1993 Ministry of Aviation and Aerospace Industry
Jun 1993 - Jun 1999 China Aviation Industry Corporation
Jul 1999 - May 2008 China Aviation Industry Corporation I, China Aviation Industry Corporation II
May 2008 - Nov 2008 China Aviation Industry Corporation I, China Aviation Industry Corporation II,
Commercial Aircraft Corporation of China
Nov 2008–Present Aviation Industry Corporation of China (AVIC), Commercial Aircraft Corporation of China (COMAC)[Note 1]

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.

Business segments

Products

Fighter aircraft

Fighter bomber aircraft

Trainer aircraft

Transport aircraft

Bomber aircraft

AEW&C aircraft

Helicopter

Unmanned aerial vehicle

Notes

  1. ↑ AVIC is one of the shareholders in COMAC (26.32% in 2009). However, AVIC and COMAC operate independently, and both companies are supervised by the State-owned Assets Supervision and Administration Commission of the State Council.

References

  1. 1 2 3 "159: Aviation Industry Corporation of China". Fortune Global 500.
  2. ↑ "Overview". AVIC.
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