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  • September 17, 2014
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  1. China to target more foreign aviation firms

    Posted Apr 18th 2011, 12:00am

    ... May Chan The Aviation Industry Corporation of China and China Construction Bank International are set to raise capital for a joint investment fund targeting foreign assets related ... in the past.' China Aviation Industry General Aircraft, a subsidiary of AVIC, signed a deal last month to acquire Minnesota-based Cirrus Industries, the second-largest manufacturer of single-engined ...

  2. Skies brighten once again for makers of corporate jets

    Posted Nov 01st 2004, 12:00am by John Gray

    ... one of the industry's big selling points- one that may open the way for a boom in corporate aircraft in China. Mr Hennig said China recently introduced general aviation regulations- ... are taking off. Manufacturers of corporate jet aircraft- those planes with up to 19 seats- report that they have recovered from the slump that inflicted a body blow to the small jet industry after ...

  3. AviChina gets HK$698m in institutional share sale

    Posted Feb 25th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com AviChina Industry & Technology, an aircraft and components manufacturing conglomerate, has raised at least HK$698 million by selling new shares to institutional investors and will use the proceeds to fund potential acquisitions. The Hong Kong-listed arm of state-owned Aviation Industry Corporation of China (Avic) sold 196.7 million new shares ...

  4. Maker of big planes eyes tie-ups with Airbus, GE

    Posted Apr 02nd 2008, 12:00am by Charlotte So

    ... Aviation Industry I (Avic I) and Avic II- which make smaller aircraft- would invest 4 billion yuan and 1 billion yuan, respectively. Baosteel, Chinalco and Sinochem Corp would split the remaining ... Charlotte So China Commercial Aircraft, the mainland's first manufacturer of large aircraft, is interested in partnering Airbus on plane design and General Electric for engine ...

  5. In Brief

    Posted Jun 19th 2006, 12:00am by Staff Reporter

    ... avichina to convert unlisted Hongdu shares AviChina Industry and Technology has proposed the conversion of all unlisted shares of subsidiary Hongdu Aviation into listed A shares on the Shanghai Stock Exchange. The plan covers 54.75 per cent of issued Hongdu Aviation shares owned by Hongdu Aircraft and 2.4 per cent held by unlisted shareholders. Bien Perez hualing subsidiaries ...

  6. Cessna in talks with China's Avic

    Posted Jul 12th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com Cessna, the leading light and mid-size business jet manufacturer, is in talks with Aviation Industry Corporation of China (Avic) to jointly develop ... governments,' the person said. Cessna has already teamed up with Shenyang Aviation Industry Corporation to produce a two-seat trainer in the province of Liaoning. The production line of the Skycatcher ...

  7. Xian Aircraft acquires parent's military assets

    Posted Jul 17th 2007, 12:00am by Charlotte So

    ... as it is subject to national security,' said a Xian Aircraft official. The parent firm is also a subsidiary of China Aviation Industry Corp I (Avic I). It produces two bombers, the FBC-1 and 6D, ... and Reform Commission released a joint paper last month encouraging foreign and private capital to invest in the military industry. Some core military corporations will remain solely owned ...

  8. Avic I unit to embark on fund-raising exercise before IPO

    Posted Aug 29th 2007, 12:00am by Staff Reporter

    ... proceeds from the share offering will be... much more than that.' Avic I Commercial, a unit of state-owned China Aviation Industry Corp (Avic I), will handle the pre-sale of the first ...

  9. Booming aviation sector records 8.6b yuan profits

    Posted Jan 14th 2005, 12:00am by Annette Chiu

    ... to mainland media reports. Vice-minister of the General Administration for Civil Aviation of China Li Jun said demand for aviation services would continue to rise on the mainland. The industry would grow 15 per cent this year, he said. '[Despite adverse conditions such as surging jet-fuel prices], the combined profit of the aviation industry in China last year reached the level ...

  10. Mainland aviation sector flying high

    Posted Dec 28th 2011, 12:00am

    ... crisis took its toll this year. Mainland airlines and airports also would end this year with record high earnings, the Civil Aviation Administration of China (CAAC) said on its official website yesterday. The regulator forecast the industry will end up 45.6 billion yuan (HK$55.7 billion) in profit in 2011, compared with 45 billion yuan last year, which may make China the most profitable ...




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