Aviation Industry Corporation of China

Aviation Industry Corporation of China
State-owned
Industry Aerospace, Defense
Founded 2008, Beijing
Headquarters 128 Jianguo St. Beijing 100022, China
Area served
 Worldwide
Key people
 Lin Zuoming
(President) & (CEO)
Products Military aircraft
Commercial aircraft
Information Technology
Non-Aviation Products
Revenue Increase CN￥ 392 billion / US $62.3 billion (2014)[1]
Number of employees
 535,942 (2015)[1][2]
Subsidiaries Continental Motors, Inc.
Cirrus Aircraft
Slogan All Value In Creation
Website avic.com.cn

Aviation Industry Corporation of China (abbreviated as AVIC, Chinese: 中国航空工业集团公司) 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

Major affiliate companies

[Note 2]

Products

Helicopters

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.
  2. ↑ Not an exhaustive list.

References

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

External links

Wikimedia Commons has media related to AVIC aircraft.
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