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China Launches Aircraft Engine Maker

China has announced plans to form a state-owned engine manufacturer to compete with Western commercial OEMs such as GE Aviation, Rolls-Royce and Pratt & Whitney.

China has announced plans to form a state-owned engine manufacturer to compete with Western commercial OEMs such as GE Aviation, Rolls-Royce and Pratt & Whitney.

Aero Engine Corp. (AECC) will employ around 96,000 staff across all of its divisions and will be backed by 50 billion yuan ($7.5 bn) in registered capital, according to the country’s Xinhua News Agency.

Chinese president Xi Jinping said AECC will be part of a “strategic move” to design, manufacture and test domestically-built aircraft engines for commercial and military use and establish China as a force in aviation.

Among the state-owned companies investing in AECC is Commercial Aircraft Corp. of China, manufacturer of the ARJ21 regional jet and the forthcoming C919 aircraft.

 

TAGS: Asia
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