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]