Aviation Industry Corporation of China

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The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned publicly-traded aerospace and defense conglomerate headquartered in Beijing. AVIC is overseen by the State-owned Assets Supervision and Administration Commission of the State Council. It is ranked 140th in the Fortune Global 500 list as of 2021,[1] and has over 100 subsidiaries, 27 listed companies and 500,000 employees across the globe.[2] AVIC is also the sixth largest defense contractor globally as of 2022 and second largest Chinese defense contractor with total revenue of $79 billion (from both defense and non-defense services).[3]

History

Since being established on 1 April 1951 as the Aviation Industry Administration Commission,[4] the aviation industry of the People's Republic of China has been through 12 systemic reforms.

In 1994, Avic was among the large industrial state-owned enterprises of China which were selected for a pilot program of restructuring as state holding companies, thereby enabling partial public listings of its subsidiaries' assets.[5]Template:Rp

AVIC purchased American aircraft engine manufacturer Continental Motors, Inc. in 2010, aircraft manufacturer Cirrus in 2011, and specialized parts supplier Align Aerospace in 2015.[6] In 2015, AVIC and BHR Partners acquired U.S. automotive supplier Henniges, through a joint venture structure.[7]

In 2016, Aero Engine Corporation of China was formed, capitalized with US$7.5 billion by Aviation Industry Corporation of China (AVIC) and Commercial Aircraft Corporation of China, Ltd. (COMAC) in order to consolidate aero-engine and related technologies.

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 (Script error: No such module "Lang".)
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.[8]

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.[9]

Espionage allegations

Script error: No such module "labelled list hatnote". 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."[10] AVIC allegedly "incorporated the stolen know-how into China's Chengdu J-20 and Shenyang FC-31 fighters."[11][12][13]

U.S. sanctions

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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.[14][15][16][17]

Russian invasion of Ukraine

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Myanmar civil war

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Products

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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)[21] 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

Civilian airship

Fighter aircraft

File:J-20 at Airshow China 2016.jpg
Chengdu J-20
File:Chengdu J-10 - 殲-10.jpg
Chengdu J-10
File:Pakistan JF-17 (modified).jpg
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

Notes

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  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.

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References

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External links

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