Aviation Industry Corporation of China
|State owned company|
|Industry||Aerospace, Defence, Electronics|
|Predecessor||China Aviation Industry Corporation I|
China Aviation Industry Corporation II
|Founded||November 6, 2008|
|Tan Ruisong (Chairman and CEO)|
|Products||Civil and military aircraft|
Unmanned aerial vehicles
|Revenue||CN¥ 392 billion / US $62.3 billion (2014)|
|CN￥ 370.6 billion (2016)|
|CN￥ 16.73 billion (2016)|
|Total assets||CN￥ 854.6 billion (2016)|
Number of employees
|Aviation Industry Corporation of China|
Aviation Industry Corporation of China (AVIC) is a Chinese state-owned aerospace and defence conglomerate. It is ranked 159th in the Fortune Global 500 lists, and has over 100 subsidiaries, 27 listed companies and 500,000 employees across the globe.
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, American aircraft manufacturer Cirrus in 2011, and American specialized parts supplier Align Aerospace in 2015.
|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 (Chinese: 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]|
China Aviation Industry Corporation 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.
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.
- Air transport manufacturing
- General aviation
- Aircraft systems
In 2015, AVIC has acquired U.S.-based Henniges Automotive. Henniges called the deal "one of the largest acquisitions by a Chinese company of a U.S.-based automotive manufacturing company in history."
Fighter bomber aircraft
Unmanned aerial vehicle
- 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.
- Aviation Industry Corporation of China. "Leadership - AVIC".
- "159: Aviation Industry Corporation of China". Fortune Global 500.
- "Overview". AVIC.
- "AVIC overview".
- "China's NORINCO, AVIC Among Top 10 Defense Companies Worldwide; SIPRI". www.defenseworld.net.
- "AVIC International buys PE-backed Align" (Press release). PE Hub Network. March 31, 2015. Retrieved June 2, 2018.
- "AVIC Ship Shareholder Structure".
- "Henniges is acquired by China's AVIC Auto". November 2015. doi:10.1016/S1350-4789(15)30341-X.
- "Henniges Automotive acquired by China's AVIC Automotive". Automotive News. September 11, 2015.
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