AA11: AVIC not ruling out more foreign acquisitions

Hong Kong
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The international marketing arm of the Aviation Industry Corporation of China (AVIC) is not ruling out the possibility of the state-owned conglomerate acquiring more foreign aerospace companies, following the recent acquisitions of several non-Chinese firms.

"We will expand accordingly in line with our needs and ambitions, and we see this as a way to help these companies grow in other markets as well," says Zhang Guangjian, vice-president of AVIC International. AVIC International, which is responsible for marketing Chinese-made civil aircraft overseas, is part of state-owned AVIC.

AVIC's general aviation subsidiary, China Aviation Industry General Aircraft (CAIGA), recently decided to acquire piston aircraft manufacturer Cirrus Industries. It has also bought Epic Air, and is acquiring the piston engine business of Teledyne. In addition, it is the front runner to purchase Emivest Aerospace.

AVIC International is promoting a range of aircraft at Asian Aerospace, including the MA60 turboprop and general aviation aircraft like the LE500.