Aviation Industry Corporation of China

The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned aerospace and defense conglomerate. It is ranked 151st in the Fortune Global 500 list as of 2019,[2] and has over 100 subsidiaries, 27 listed companies and 500,000 employees across the globe.[4][5]

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
State owned
Industry
PredecessorChina Aviation Industry Corporation I
China Aviation Industry Corporation II
Founded1993 (1993)
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
Revenue CN¥452 billion (US$65.5 billion)[2] (2019)
CN￥370.6 billion (2016)
CN￥4.794 billion (US$695 million)[2] (2019)
Total assets CN￥952.7 billion (US$138.1 billion)[2] (2019)
Number of employees
446,613[2][3] (2015)
ParentSASAC
Divisions
Subsidiaries
Websitewww.avic.com/en
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
Abbreviation
Simplified Chinese航空工业
Traditional Chinese航空工業

History

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, aircraft manufacturer Cirrus in 2011, and specialized parts supplier Align Aerospace in 2015.[6]

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-merge

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 aerospace industry in China.[7]

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.[8]

During the Airshow China 2008, AVIC appeared to the public for the first time.

Business segments
  • Air transport manufacturing
  • General aviation
  • Helicopters
  • Aircraft systems
  • Automobiles
  • Ships[9]

In 2015, AVIC teamed up with its partner, BHR Partners, in acquiring U.S. automotive supplier Henniges, through a joint venture structure.[10][11] Henniges called the deal "one of the largest acquisitions by a Chinese company of a U.S.-based automotive manufacturing company in history."[12]

Products

Fighter aircraft

Fighter bomber aircraft
  • JH-7

Trainer aircraft

Transport aircraft

Bomber aircraft

AEW&C aircraft

Helicopter

Unmanned aerial vehicle

Regional airliner
Aircraft Description Seats 1st flight
Xian MA60 Turboprop Regional airliner 62 25 February 2000
Xian MA600 Turboprop Regional airliner 60 10 October 2008
Xian MA700 Turboprop Regional airliner 68-86 planned Nov 2019
CBJ800 Business jet 9-12 planned 2016
Comac ARJ21-700 Regional jet 78-90 28 November 2008

Electronic-warfare aircraft

Maritime-patrol aircraft

Espionage allegation

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.[13] AVIC allegedly incorporated the stolen know-how into China's Chengdu J-20 and Shenyang FC-31 fighters.[14][15][16]

See also

Notes
  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.

References
  1. Aviation Industry Corporation of China. "Leadership - AVIC". Archived from the original on 2019-11-09. Retrieved 2018-05-31.
  2. "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. "AVIC International buys PE-backed Align" (Press release). PE Hub Network. March 31, 2015. Retrieved June 2, 2018.
  7. Nolan, Peter (2001). China and the Global Economy: National Champions, Industrial Policy, and the Big Business Revolution. New York: Palgrave. p. 30. ISBN 0333945654.
  8. 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.
  9. "AVIC Ship Shareholder Structure".
  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. "Henniges Automotive acquired by China's AVIC Automotive". Automotive News. September 11, 2015.
  13. Gorman S, Cole A, Dreazen Y (April 21, 2009). "Computer Spies Breach Fighter-Jet Project Article". The Wall Street Journal.CS1 maint: multiple names: authors list (link)
  14. "Stolen F-35 secrets now showing up in China's stealth fighter". Fox News. 20 December 2015.
  15. "New Snowden Documents Reveal Chinese Behind F-35 Hack". The Diplomat. 27 January 2015.
  16. "America says China's fifth-generation jet fighter J-31 stolen from its F-35". The Economic Times. 13 November 2015.
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