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AVIC Aircraft Corporation Ltd.

AVIC Aircraft Corporation Ltd. is one of the major subsidiaries of AVIC. It owns seven member companies, including the First Aircraft Institute, Xi'an Aircraft Industry (Group) Corporation Ltd., Shannxi Aircraft Industry (Group) Co., Ltd., AVIC Landing Gear Advanced Manufacturing Co., Xi'an Aviation Brake Technology Co. Ltd. Shenfei Aircraft Commercial Co. and Chengfei Commercial Aircraft Co. The main business of AVIC Aircraft covers Design, production, marketing and services for large-and medium sized transport aircraft, civil passenger aircraft and aircraft landing gear systems; basic manufacturing technology research and transfer of achievements; contracting components design and production for domestic and overseas large passenger aircraft.

China's leading aviation manufacturer set up the aircraft production company in Xi'an, capital of Shaanxi province on 18 February 2009. It has total assets of 33.5 billion yuan and 35,000 employees. The new company, AVIC Aircraft Corporation Ltd, is to provide parts for the existing domestic jumbo jet project. Meanwhile, the new company will also have the principal responsibility for designing and manufacturing large and medium-sized transporters, bombers and special purpose aircraft. The new company has a registered capital of 12 billion yuan ($1.76 billion). But AVIC, which was launched November 2008 by incorporating China's two leading State-owned aviation manufacturers, AVIC I and AVIC II, injected its existing aircraft development and manufacturing assets, worth 33.5 billion yuan, into the new company. The assets include AVIC No 1 Aircraft Design Institute, Xi'an Aircraft Industry (Group) Co Ltd, and Shaanxi Aircraft Industry (Group) Co Ltd, which manufacture Yun-8, the largest transporter developed in China so far. Initially, the new company was solely owned by AVIC, but it will sign on other strategic investors within a year. One of those investors is the Shaanxi provincial government, which will pump 1 billion yuan into the new company and become a shareholder. The new company is AVIC's latest effort to consolidate its diverse businesses.

A MOU signed September 23, 2009 by AVIC Aircraft Corporation and Aircelle/MRAS/Nexcelle creates the framework for a new joint venture that will design and manufacture engine nacelle and components for a full range of aircraft applications. This MOU, which was signed in Beijing during Aviation Expo China 2009, marks the first step in establishing a long-term alliance focused on engine nacelle technology and the production of nacelle and components to be used on both new and existing aircraft. The accord brings together key aviation industry leaders for collaboration on engine nacelle technology - which is one of the fundamental elements in an aircraft's performance, efficiency and environmental footprint. AVIC Aircraft is responsible for the development of medium/large transport, commercial aircraft and landing gear systems and nacelle in China, while Nexcelle is the nacelle joint venture company created by GE's Middle River Aircraft Systems and Aircelle, a Safran group company.

Net value of assets like the First Aircraft Institute of AVIC, AVIC Xi'an Aircraft Industry (Group) Co., Ltd. (XAC), Shaanxi Aircraft Industry (Group) Co., Ltd., Xi'an Aviation Brake Technology Co., Ltd., and AVIC Aircraft Landing Gear Company, is preliminarily estimated at CNY 2 billion to CNY 3 billion, and total assets will likely exceed CNY 8 billion. This assets infusion will help AVIC Aircraft integrate its transporter, regional aircraft, airliner parts production, and civil airplane subcontracting operations. AVIC Aircraft has had total assets of CNY 33.5 billion, but some are not best-performing. Shaanxi Aircraft Industry (Group), for instance, had witnessed a liabilities ratio of nearly 60% to 70%.

AVIC Aircraft Corporation Ltd. planned to go public in 2010 as part of AVIC Aircraft's plan to complete an overall listing by 2011 amid a restructuring of China's aviation industry. Hu Xiaofeng, general manager of the AVIC Aircraft, said the company planned to complete the asset restructuring by the first quarter of next year and use Xi'an Aircraft International as the platform for the listing. AVIC Aircraft would inject assets worth RMB8 billion (about $1.2 billion) into Xi'an Aircraft International.

Non-Combatant Commercial Aircraft

Passenger Airline

  • Harbin Aircraft Manufacturing Corp. Y-12(I)
  • Harbin Aircraft Manufacturing Corp. Y-12 (II)
  • Harbin Aircraft Manufacturing Corp. Y-12 (IV)
  • Shaanxi Aircraft Company Y-8B
  • Shaanxi Aircraft Company Y-8C
  • Xian Aircraft Company Y7-100
  • Xian Aircraft Company Y7-100C
  • Xian Aircraft Compnay Y7-200
  • Xian Aircraft Company Y7-200B
  • A. S. Yakovlev Design Bureau YAK-42 Clobber
  • Tupolev TU-154M Careless
Agriculture
  • Nanching Aircraft Manufacturing Company N-5A
  • Harbin Aircraft Manufacturing Corp. Y-11B (I)
  • WSK-PZL Mielec M-18 Dromader
Helicopter
  • Harbin Aircraft Co. Z-9/Z-9A (Eurocopter AS 365N2)
Special Purpose
  • Shaanxi Aircraft Company Y-8F (livestock carrier)
  • Shaanxi Aircraft Company Y-8H (aerial survey)
  • Xian Aircraft Company Y-7 (cargo)



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