China's AVIC I yesterday said that the merged company it is forming with AVIC II will be called "China Aviation Industry Corp. Group" and revealed details of the entity's structure. The merger, which aims to create a state-owned company to oversee aircraft manufacturing in China, including development of a "jumbo aircraft" by 2020 to compete with 737s and A320s, has been delayed several times this year. AVIC I said integration processes are underway but the official start of CAIC Group will ...
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