Aero Engine Corporation of China

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Aero Engine Corporation of China
Native name
中国航空发动机集团
TypeState-owned
IndustryAerospace engineering
PredecessorAeroengine related divisions of Aviation Industry Corporation of China
FoundedAugust 28, 2016; 9 years ago (2016-08-28)
Headquarters
Haidian District, Beijing
,
China
Area served
Worldwide
Key people
Cao Jianguo (Chairman)
ProductsAircraft engines
Number of employees
96000 (2016)
SubsidiariesTemplate:Plist
Websitewww.aecc.cn
Aero Engine Corporation of China
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Aero Engine Corporation of China (AECC) is a Chinese state-owned aerospace manufacturer focused on the design and development of aeroengine and related technology, comprising 46 affiliated companies including engine manufacturers, institutions and aero-engine factories.[1]

History

The company, which has its headquarters in the Haidian District of Beijing, was established on August 28, 2016 with the objective of creating a Chinese company capable of competing with Western engine manufacturers, including Rolls-Royce, General Electric, Pratt & Whitney, and Safran.[2][3] At launch, AECC was to be capitalized with US$7.5 billion by Aviation Industry Corporation of China (AVIC) and Commercial Aircraft Corporation of China, Ltd. (COMAC), China's two main state aerospace companies.[4]

U.S. sanctions

In November 2020, U.S. President Donald Trump issued an executive order prohibiting U.S. companies and individuals owning shares in companies that the United States Department of Defense believe have links to the People's Liberation Army.[5][6][7] The list produced by the United States Department of Defense as being linked to the People's Liberation Army includes AECC.[8]

See also

References

  1. "Aero Engine Corporation of China enhances manufacturing process to propel ahead of the competition". https://www.dksh.com/global-en/home/insights/success-stories/aero-engine-corporation-of-china-enhances-manufacturing-process-to-propel-ahead-of-the-competition. 
  2. 中国航空发动机集团有限公司在京召开成立大会 (Press release) (in Chinese). Ministry of Industry and Information Technology. 2016-08-29. Archived from the original on 2017-12-30. Retrieved 2016-08-29.{{cite press release}}: CS1 maint: unrecognized language (link)
  3. Pékin veut des moteurs chinois pour ses avions. En lançant Aero Engine Corporation of China (AECC), la Chine affirme ses ambitions dans l’aéronautique.
  4. Alex Derber (Sep 21, 2017). "Sino-Russian Widebody Engine Under Discussion". Aviation Week Network. http://www.mro-network.com/maintenance-repair-overhaul/sino-russian-widebody-engine-under-discussion. 
  5. Chen, Shawna (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios. https://www.axios.com/china-military-trump-investments-ban-a0458e29-2245-4bde-920b-d1c6bc698370.html. 
  6. Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (2020-11-12). "Trump bans U.S. investments in firms linked to Chinese military" (in en). Reuters. https://www.reuters.com/article/us-usa-china-securities-exclusive-idUSKBN27S2X3. 
  7. Swanson, Ana (2020-11-12). "Trump Bars Investment in Chinese Firms With Military Ties" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2020/11/12/business/economy/trump-china-investment-ban.html. 
  8. Allen-Ebrahimian, Bethany (June 24, 2020). "Defense Department produces list of Chinese military-linked companies". Axios. https://www.axios.com/defense-department-chinese-military-linked-companies-856b9315-48d2-4aec-b932-97b8f29a4d40.html. 




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