Aviation Industry Corporation of China

Aviation Industry Corporation of China Overview

Company Headquarters: China

Founded: 2008

Workforce: ~450,000

Company Working: Aviation Industry Corporation of China (AVIC) was founded in 2008 through the restructuring and consolidation of the China Aviation Industry Corporation Ⅰ (AVIC I) and the China Aviation Industry Corporation Ⅱ (AVIC Ⅱ). The company provides services to customers in many sectors— from R&D to operation, manufacturing, and financing. The company’s business units include transport and defense aircraft, helicopters, avionics and systems, general aviation, R&D, flight testing, trade and logistics, assets management, finance services, automobile, and others. AVIC has 100 subsidiaries, 28 listed companies, and more than 450,000 employees.

Strategy

Although AVIC has a wide product offering, its geographic presence is limited. Over the last few years, it has been majorly looking to gain contracts to strengthen its presence in the Chinese helicopters market. Furthermore, with its technologically advanced civil helicopters, it aims at expanding its presence in Asia-Pacific and globally.

Company Snapshot

$22,470M

Revenue

450,000

Employees

2008

Founded

China

Headquarters

SWOT Analysis

Strengths

Wide product portfolio
Strong presence in the Chinese civil helicopter market

Weaknesses

No presence in developed markets such as the US and UK

Opportunities

Significant growth prospects through tie-ups and mergers & acquisitions

Threats

Threats from competitors such as Airbus SAS, as the company is increasing its investment in regions such as Asia-Pacific

Key Developments

Date	Approach	Development
September 2019	Contract	AVIC signed a contract with the Chinese Flight Test Establishment to provide one AC311 helicopter. The helicopter will enable Chinese Flight Test Establishment to offer enhanced training to its pilots.

Product Offering

Aviation Industry Corporation of China
- Helicopters

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