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Aviation Industry Corporation of China

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Not to be confused with Airspace Industry Corporation of China.
Aviation Industry Corporation of China
Native name
中国航空工业集团公司
Company typeState owned
Industry
PredecessorChina Aviation Industry Corporation I
China Aviation Industry Corporation II
FoundedApril 1, 1951; 73 years ago (1951-04-01)
Headquarters
Chaoyang District, Beijing
,
China
Area served
Worldwide
Key people
Tan Ruisong (Chairman and CEO)[1]
ProductsCivil and military aircraft
Unmanned aerial vehicles
Trucks
Automobile parts
Electronics
Robots
Ships
RevenueIncrease US$66.96 billion (2021)[2]
Increase CN¥370.6 billion (2016)
Increase US$915.7 million (2021)[2]
Total assetsIncrease US$161.2 billion (2021)[2]
Number of employees
407,344 (2021)[2][3]
ParentSASAC
Divisions
Subsidiaries
Websiteen.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
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Hángkōng Gōngyè Jítuán Gōngsī
Abbreviation
Simplified Chinese中航工业
Traditional Chinese中航工業
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngháng Gōngyè

The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned aerospace and defense conglomerate headquartered in Beijing. It is ranked 140th in the Fortune Global 500 list as of 2021,[2] and has over 100 subsidiaries, 27 listed companies and 500,000 employees across the globe.[4][5] AVIC is also the second largest defense contractor globally as of 2022 with a revenue exceeding USD 79 billion and overseeing well over 100 subsidiaries.[6][7]

History

Since being established on 1 April 1951 as the Aviation Industry Administration Commission,[8] 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, aircraft manufacturer Cirrus in 2011, and specialized parts supplier Align Aerospace in 2015.[9] In 2015, AVIC and BHR Partners acquired U.S. automotive supplier Henniges, through a joint venture structure.[10][11]

Period Organization name
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 (中国航空工业总公司)
Jul 1999 – May 2008 China Aviation Industry Corporation I (AVIC I), China Aviation Industry Corporation II (AVIC II)
May 2008 – Nov 2008 China Aviation Industry Corporation I, China Aviation Industry Corporation II,
Commercial Aircraft Corporation of China (COMAC)
Nov 2008 – Present Aviation Industry Corporation of China, Commercial Aircraft Corporation of China[Note 1]

Split and re-merger

China Aviation Industry Corporation was split into two separate entities, China Aviation Industry Corporation I and China Aviation Industry Corporation II in 1999. Both retained civilian and military aircraft production capabilities, along with a number of unrelated business ventures. The split was intended to foster competitiveness in the Chinese aerospace industry.[12]

In 2008, AVIC I and AVIC II officially merged back together. The previous separation resulted in split resources and led to redundant projects. The goal of the merger was to eliminate this redundancy and spin off pursuits unrelated to aerospace, such as motorcycle and automobile parts manufacturing.[13]

Espionage allegations

See also: Chinese espionage in the United States

In April 2009, The Wall Street Journal reported that computer spies, allegedly Chinese, "had penetrated the database of the Joint Strike Fighter program and acquired terabytes of secret information about the fighter, possibly compromising its future effectiveness."[14] AVIC allegedly "incorporated the stolen know-how into China's Chengdu J-20 and Shenyang FC-31 fighters."[15][16][17]

U.S. sanctions

Further information: United States sanctions against China

In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included AVIC.[18][19][20][21]

Products

Airliner

List of airliners of AVIC
Aircraft Type Description Developer Seats Number Built Maiden Flight Introduction Production Ceased Retired
Xian MA60 Turboprop Airliner Turboprop Regional airliner Xi'an Aircraft Industrial Corporation 62 110+(330 on order)[22] 25 February 2000
Xian MA600 Turboprop Airliner Turboprop Regional airliner Xi'an Aircraft Industrial Corporation 60 18+(310 on order) 10 October 2008
Xian MA700 Turboprop Airliner Turboprop Regional airliner Xi'an Aircraft Industrial Corporation 68-86 - planned November 2019
CBJ800 Jet airliner Business jet Chengdu Aircraft Industry Group 9-12 - planned 2016

Fighter aircraft

Chengdu J-20
Chengdu J-10
Chengdu/PAC JF-17

(*) indicates under development

Fighter bomber aircraft

Trainer aircraft

Transport aircraft

Bomber aircraft

AEW&C aircraft

Helicopter

Unmanned aerial vehicle

Electronic-warfare aircraft

Maritime-patrol aircraft

See also

References

  1. ^ Aviation Industry Corporation of China. "Leadership - AVIC". Archived from the original on 2019-11-09. Retrieved 2018-05-31.
  2. ^ a b c d e "151: Aviation Industry Corporation of China". Fortune Global 500.
  3. ^ "Overview". AVIC. Archived from the original on 2016-03-05. Retrieved 2015-11-11.
  4. ^ "AVIC overview".
  5. ^ "China's NORINCO, AVIC Among Top 10 Defense Companies Worldwide; SIPRI". www.defenseworld.net.
  6. ^ "5 Largest Defense Contractors in the World in 2022". Insider Monkey. Retrieved 2022-12-22.
  7. ^ "15 Largest Defense Contractors in the World in 2022". finance.yahoo.com. Retrieved 2022-12-22.
  8. ^ "China's Boeing Wannabe Could Land in U.S. Government Crosshairs". Bloomberg News. October 12, 2020. Retrieved October 18, 2020.
  9. ^ "AVIC International buys PE-backed Align" (Press release). PE Hub Network. March 31, 2015. Retrieved June 2, 2018.
  10. ^ "BHR and AVIC Auto Acquire Henniges Automotive". PR Newswire. September 15, 2019.
  11. ^ "Henniges is acquired by China's AVIC Auto". Sealing Technology. 2015 (11): 4–5. 2015-11-01. doi:10.1016/S1350-4789(15)30341-X. ISSN 1350-4789.
  12. ^ Nolan, Peter (2001). China and the Global Economy: National Champions, Industrial Policy, and the Big Business Revolution. New York: Palgrave. p. 30. ISBN 0333945654.
  13. ^ Lu, Haoting; Xu, Dashan (18 June 2008). "AVIC I & II closer to merger". China Daily. Archived from the original on 27 February 2020. Retrieved 24 March 2020.
  14. ^ Gorman S, Cole A, Dreazen Y (April 21, 2009). "Computer Spies Breach Fighter-Jet Project Article". The Wall Street Journal.{{cite news}}: CS1 maint: multiple names: authors list (link)
  15. ^ "Stolen F-35 secrets now showing up in China's stealth fighter". Fox News. 20 December 2015.
  16. ^ "New Snowden Documents Reveal Chinese Behind F-35 Hack". The Diplomat. 27 January 2015.
  17. ^ "America says China's fifth-generation jet fighter J-31 stolen from its F-35". The Economic Times. 13 November 2015.
  18. ^ "Factbox: List of 31 Chinese companies designated by the U.S. as military-backed". Reuters. 2020-11-13. Archived from the original on November 13, 2020. Retrieved 2020-11-18.
  19. ^ Chen, Shawna (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios. Retrieved November 12, 2020.
  20. ^ Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (2020-11-12). "Trump bans U.S. investments in firms linked to Chinese military". Reuters. Retrieved 2020-11-12.
  21. ^ Swanson, Ana (2020-11-12). "Trump Bars Investment in Chinese Firms With Military Ties". The New York Times. ISSN 0362-4331. Retrieved 2020-11-13.
  22. ^ "Domestic-Made Regional Jet ARJ21 to Be Delivered in 2014". web.archive.org. 2014-03-11. Retrieved 2022-12-22.
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