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Since being established on 1 April 1951 as the Aviation Industry Administration Commission, [6] 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 ...
Of the six holding companies of China's Civil Aviation Administration, it was the first established. [1] On 9 November 2017, CASC ordered 300 Boeing planes for US$37 billion at list prices (a $123M average) during Donald Trump's China visit. [2] The order could include 260 737s and 40 B787/B777s. [3]
By 1992, CAC's motorcycle and jack factories were placed under the control of a new company for civilian products and, in 1992, CAC was recognised as a large industrial enterprise in China's aviation industry. The company reformed its wage system and structure in 1993. A quota reduction of 22.3%, 11.9% in staff levels was set.
The current Capital Airport Holding was established on December 28, 2002 from the merger of Beijing Capital Airport Holding Company, Beijing Capital International Airport Company Ltd., Tianjin Binhai International Airport, China Airport Construction Corporation, Jinfei Economic Development Company Ltd. and Civil Aviation Engineering Consulting ...
The Commercial Aircraft Corporation of China (Comac) was established on 11 May 2008 in Shanghai. It was established jointly by Aviation Industry Corporation of China (AVIC), Aluminum Corporation of China, Baosteel Group Corporation, Sinochem Group, Shanghai Guosheng Corporation Limited, and State-owned Assets Supervision and Administration Commission.
CATIC is headquartered in Beijing. As a state authorized dealer of aviation products, CATIC has exported fighters, trainers, bombers, helicopters, transporters, UAVs, general aviation aircraft and associated airborne equipment and ground support equipment as well as various components and spare parts of military and civil purposes to more than 30 countries.
The CAAC had also launched a major aviation safety drive in 2022 after a China Eastern Airlines plane plunged into the mountains of Guangxi and killed 132 people on board in mainland China's ...
The Civil Aviation Administration of China (CAAC) has been making efforts to nationalize the country's airlines. It has completed mergers with the "Big 3" (Air China, China Eastern and China Southern) and China's smaller, less profitable airlines. The CAAC is concentrating on expanding the number of smaller, single aisle aircraft while phasing ...