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Jiangxi aims to tap copter business
Source: Xinhua |
September 20, 2012, Thursday
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Print Edition
Print Edition
A STATE-OWNED helicopter investment firm has been registered in east China's Jiangxi Province in a move to grab a share of the country's growing civil helicopter market.
The province's State-owned Assets Supervision and Administration Commission confirmed yesterday the company has a registered capital of 50 million yuan (US$7.9 million). Its inauguration in Jingdezhen is pending.
The commission said the firm was jointly funded by Jiangxi Copper Group, Jingdezhen Municipal State-Owned Assets Co, Jiangxi Provincial Investment Group and China Cinda Asset Management Co.
Jingdezhen, China's porcelain production hub, is the birthplace of the CJ-5 trainer, China's first domestically-made aircraft that was built in 1954.
The province hopes to tap its aviation industry history to develop the helicopter sector.
The province's State-owned Assets Supervision and Administration Commission confirmed yesterday the company has a registered capital of 50 million yuan (US$7.9 million). Its inauguration in Jingdezhen is pending.
The commission said the firm was jointly funded by Jiangxi Copper Group, Jingdezhen Municipal State-Owned Assets Co, Jiangxi Provincial Investment Group and China Cinda Asset Management Co.
Jingdezhen, China's porcelain production hub, is the birthplace of the CJ-5 trainer, China's first domestically-made aircraft that was built in 1954.
The province hopes to tap its aviation industry history to develop the helicopter sector.
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