AVIATION INDUSTRY CORPORATION OF CHINA (AVIC)

Company description:

Aviation Industry Corporation of China(AVIC) was founded on November 6 of 2008 through the restructuring and consolidation of China Aviation Industry Corp I (AVIC Ⅰ) and China Aviation Industry Corp Ⅱ（AVIC Ⅱ）.Aviation Industry Corporation of China(AVIC) is a corporation,centered on aviation,but capable of providing whole-value chain services to customers in many fields,from research and development to operation and from manufacturing to finance.Its business units cover Defense,Transport Aircraft,Engine,Helicopter,Avionics and Systems,General Aviation,Aviation Research,Flight Test,Trade and Lodistics,Assets Management,Finance Services,Engineering Planning and Construction,Automobile and etc.It owns almost 200 member companies, over 20 listed companies and approximately 400,000 employees.It is the first Chinese defense enterprise listed as the World Top 500.On July 7 of 2011,AVIC ranked 310 among the newly published Fortune Top 500 enterprises.By the end of June,2011,the total asset of AVIC reaches ¥500 billion.