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Article: China: Avic plans to list assets worth $22m.
- Article from:
- TendersInfo
- Article date:
- August 27, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
Aviation Industry Corp of China (Avic) plans to list US$22 million of its aircraft production assets on the stock markets in the next five years as it builds ambitions to become Asia's Boeing, the South China Morning Post.
With Avic's factories on the mainland scattered across 21 listed companies, the restructuring aims to create a leaner operation that will produce China's first big airliner.
The nation's largest civil and military aircraft manufacturer owns a 20 percent stake in Commercial Aircraft Corp of China (Comac), which is spearheading plans for China to compete with Boeing and Airbus by building a 150-seat ...