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.
