Beijing formally launches China’s aero-engine company
The Chinese govt has formally launched an aero-engine company in an effort to design and build engines to power Chinese-built aircraft. The new entity—China Aviation Engine Group—has a registered capital of CNY50b (US$7.62b). Its stakeholders include Chinese aerospace firm AVIC International Holding Corp, COMAC, Beijing State-owned Assets Administration Centre, and the state-owned Assets Supervision and Administration Commission of the State Council. The new company consolidates all AVIC engine production subsidiaries, which include AVIC Aero-Engine Control, AVIC Aviation Engine Corp., Sichuan Chengfa Aero Science & Technology, and Shenyang Engine Design Research. Until now, all Chinese-made aircraft have been powered by engines built by non-Chinese manufacturers. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-06-14/general/beijing-formally-launches-china2019s-aero-engine-company
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Beijing formally launches China’s aero-engine company
The Chinese govt has formally launched an aero-engine company in an effort to design and build engines to power Chinese-built aircraft. The new entity—China Aviation Engine Group—has a registered capital of CNY50b (US$7.62b). Its stakeholders include Chinese aerospace firm AVIC International Holding Corp, COMAC, Beijing State-owned Assets Administration Centre, and the state-owned Assets Supervision and Administration Commission of the State Council. The new company consolidates all AVIC engine production subsidiaries, which include AVIC Aero-Engine Control, AVIC Aviation Engine Corp., Sichuan Chengfa Aero Science & Technology, and Shenyang Engine Design Research. Until now, all Chinese-made aircraft have been powered by engines built by non-Chinese manufacturers. <br/>
