Home / Mosaic

Aviation group set to acquire foreign rival

By Lu Haoting | China Daily | Updated: 2008-11-04 08:01

ZHUHAI: Newly merged China Aviation Industry Corporation (AVIC) plans to acquire a foreign general aviation aircraft manufacturer to strengthen its development capabilities, a senior company executive said yesterday.

An acquisition agreement is expected to be signed by the end of this year to that effect, said Tan Weidong, president of AVIC General Aviation Co Ltd. Tan did not reveal the name of the foreign company.

AVIC is also planning to list its general aviation businesses in the near future, Tan added.

Aviation group set to acquire foreign rival

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349