My Account Menu

CAPA Login

Register to trial CAPA Membership!

Chinese aircraft maker AVIC I sets up finance unit


Beijing (XFN-ASIA) - China Aviation Industry Corp I (AVIC I),

the country's biggest aircraft maker, has set up a finance unit with a registered

capital of 1 bln yuan to fund its development, the official Xinhua news agency


The new finance company combines the financing units of AVIC I's subsidiaries, Xi'an Aircraft Industry Co Ltd and Guizhou

Aviation Industry Co Ltd, and it would be funded by AVIC I and its 11 subsidiaries, Xinhua said.

No further details were provided.

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.