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Aero Engine Corporation of China

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

External links

References

  1. Aero Engine Corporation of China enhances manufacturing process to propel ahead of the competition retrieved 2023-01-21^
  2. http://www.miit.gov.cn/n1146290/n1146402/n1146440/c5223514/content.html Ministry of Industry and Information Technology, 2016-08-29, retrieved 2016-08-29^
  3. [https://www.lemonde.fr/economie/article/2016/08/31/pekin-veut-des-moteurs-chinois-pour-ses-avions_4990362_3234.html 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. Sino-Russian Widebody Engine Under Discussion Aviation Week Network, Sep 21, 2017, retrieved December 30, 2017^
  5. Shawna Chen. Trump bans Americans from investing in 31 companies with links to Chinese military Axios, November 12, 2020, retrieved November 12, 2020^
  6. Humeyra Pamuk, Alexandra Alper, Idrees Ali. Trump bans U.S. investments in firms linked to Chinese military Reuters, 2020-11-12, retrieved 2020-11-12^
  7. Ana Swanson. Trump Bars Investment in Chinese Firms With Military Ties The New York Times, 2020-11-12, retrieved 2020-11-13^
  8. Bethany Allen-Ebrahimian. Defense Department produces list of Chinese military-linked companies Axios, June 24, 2020, retrieved June 24, 2020^