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March 27, 2015 4:48 AM ET

Aerospace and Defense

Company Overview of China Aviation Industry General Aircraft Co., Ltd.

Company Overview

China Aviation Industry General Aircraft Co., Ltd. owns very light business jets and turboprops. The company develops firefighting/search and rescue amphibious aircraft and general aircraft. It also engages in manufacturing parts and components; final aircraft assembly and delivery; pilot training; aviation club operation; general aviation operation; business aviation; fixed base operator services; and maintenance and leasing. The company is based in Zhuhai, China. China Aviation Industry General Aircraft Co., Ltd. operates as a subsidiary of Aviation Industry Corporation of China.

Zhuhai,  519 040

China

Key Executives for China Aviation Industry General Aircraft Co., Ltd.

President
Vice President and Chairman of Avic Flight Academy
Assistant of President of Caiga
Vice President
Vice President
Compensation as of Fiscal Year 2014.

China Aviation Industry General Aircraft Co., Ltd. Key Developments

China Aviation Industry Mulls Acquisitions

China Aviation Industry General Aircraft Co., Ltd. is seeking acquisitions. Meng Xiangkai, Chairman of China Aviation said that the money offered by cash-rich China Aviation Industry General Aircraft (Caiga) helped the once debt-ridden Cirrus develop new products and expand its share in the global market to more than 30% from about 20% before the global financial crisis. Meng said, "We have more acquisition plans. But our globalisation push isn't just limited to mergers and acquisitions. We also aim to set up overseas centres for research and development, marketing and client services." Despite its fast growth, the company might postpone its plan to list on the stock market because of further acquisitions, added Meng. Mergers and acquisitions were "a game" in which information should not be made too transparent, Meng added. Meng said, "We had a relatively aggressive plan targeting a public listing by 2015. But the plan looks a bit remote now. We would like to focus on business development first."

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 7, 2015
Xiamen CCRE Group Co., Ltd.
Merger/Acquisition
July 10, 2014
Guangdong AVIC Special glass technology Co., Ltd.
 

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To contact China Aviation Industry General Aircraft Co., Ltd., please visit www.caiga.cn. Company data is provided by Capital IQ. Please use this form to report any data issues.

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