Deal leads AVIC to cabin market
Print Edition
A Chinese aviation company said late Thursday that it had successfully completed the acquisition of AIM Altitude, a Britain-based aircraft cabin interior supplier.
The acquisition by AVIC International, a subsidiary of Aviation Industry Corporation of China, will facilitate research, development and manufacturing of aircraft cabins and interiors in the Chinese market, the company said.
It will also fill the gap in domestic aircraft payloads for AVIC to improve its aviation manufacturing and operation service capabilities.
With this acquisition, AVIC will directly enter the international payload industry, guide domestic industries in international competition, and improve the R&D, certification, designing and manufacturing of cabin payload products for civil aircraft.
In addition, through the opportunities in Boeing and Airbus’ cabin payload partnerships with China, AVIC will be able to better serve aviation manufacturers and airlines both at home and abroad.
Lai Weixuan, president of AVIC International, said his company sees Britain as an important destination for future cooperation and overseas investment.
AVIC International hopes the acquisition will be an opportunity to gradually deepen cooperation with its British counterparts, he added.
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