The Chinese government has formally launched an aero-engine company in an effort to design and build engines to power Chinese-built aircraft. The new entity—China Aviation Engine Group—has a registered capital of CNY50 billion ($7.62 billion). Its stakeholders include Chinese aerospace firm AVIC International Holding Corp. (AVIC), Commercial Aircraft Corp. of China (COMAC), Beijing State-owned Assets Administration Center, and the state-owned Assets Supervision and ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.