Aviation Industry Corp. of China (AVIC) is undergoing another restructuring so that all of its assets are incorporated into a single company listed on the Hong Kong stock exchange. The plan would consolidate some $22 billion worth of aircraft production assets under the mantle of AVIChina as the group attempts to establish a corporate structure to match that of Boeing and Airbus.
Aviation Industry Corporation of China
The second ARJ21-700 jet flew for the first time on July 1. The airplane took off from Dachang Airport in Shanghai, where the Shanghai Aircraft Company performs final assembly, a month after rolling out of the factory and two weeks after its first taxi tests. The flight lasted 61 minutes, during which time the airplane cruised at an altitude of 9,000 feet.
A new regional airline based in Xi’an, China called Joy Air plans to launch revenue operations this month with three Xi’an Aircraft (XAC) MA-60 turboprops.
GE Aviation today announced the opening of a new systems manufacturing facility in Suzhou, China. GE Aviation Systems president and CEO Lorraine Bolsinger formally opened the facility at an event attended by senior representatives of the Government of Suzhou, China Aviation Industry Corporation (AVIC) and other senior government and customer officials.
Airbus and a group of Chinese industrial partners today signed a contract to establish a joint-venture manufacturing center in Harbin, China, to build composite material parts and components for the Airbus A350XWB and A320 family.
China’s Xi’an Aircraft Industry Company (XAC) has started preliminary work on the Modern Ark 700 (MA700), a 70-seat turboprop regional aircraft that it expects to fly by 2013 or 2014.
The MA700 would be more energy-efficient than the Chinese turboprop now under development–the 60-seat MA600– and designed for high-altitude operations, said Geng Ruoguang, vice general manager of China Aviation Industry Corp. (AVIC), parent of XAC.
China Aviation Industry Corp (AVIC) will build a $1.2 billion commercial helicopter plant in the northern port city of Tianjin with the local government to consolidate its diverse businesses. The move will allow the company to make full use of the geographical advantage of Tianjin as a port city, said a spokesman.
Irish-American aircraft lessor GE Commercial Aviation Services (GECAS) is to acquire as many as 25 General Electric CF34-powered ARJ21-700ER regional jets from China Aviation Industry I (AVIC I) Commercial Aircraft Company (ACAC) for delivery from 2013 in a deal signed last month at the China International Aviation and Aerospace Exhibition in Zhuhai.
China Aviation Industry I (AVIC I) Commercial Aircraft Co. (ACAC) is to supply Irish-American aircraft lessor GE Commercial Aviation Services (GECAS) with up to 25 General Electric CF34-powered ARJ21-700ER regional jets starting in 2013 under a contract signed today at the China International Aviation and Aerospace Exhibition in Zhuhai.
Shanghai-based investment group D’Long in late June confirmed it has signed a contract for the rights to the suspended Fairchild Dornier 728 program, but an eventual relaunch of the 76-seat jet remains far from certain. According to J.