AVIC to invest 10 billion yuan in engine R&D
AVIC to invest 10 billion yuan in engine R&D
14:38, April 13, 2011

Email | Print | Subscribe | Comments | Forum 
The Aviation Industry Corporation of China (AVIC) plans to invest 10 billion yuan to focus on the development of high-performance aircraft engines during the 12th Five-Year Plan period.
"This will be our biggest independent investment," Lin Zuoming, general manager of AVIC, said on April 11.
Currently, only four countries in the world, namely the United States, Russia, Britain and France, can independently develop advanced aircraft engines. The only shortcoming of China's aviation industry is the engine, Lin said.
According to sources, the research and development cycle of each type of engine will be five to 10 years and the investment payoff period will be as long as 30 years.
The AVIC established the AVIC Commercial Aircraft Engine Company at the beginning of 2009 to produce engines for the domestically-made large aircraft C919.
By People's Daily Online
"This will be our biggest independent investment," Lin Zuoming, general manager of AVIC, said on April 11.
Currently, only four countries in the world, namely the United States, Russia, Britain and France, can independently develop advanced aircraft engines. The only shortcoming of China's aviation industry is the engine, Lin said.
According to sources, the research and development cycle of each type of engine will be five to 10 years and the investment payoff period will be as long as 30 years.
The AVIC established the AVIC Commercial Aircraft Engine Company at the beginning of 2009 to produce engines for the domestically-made large aircraft C919.
By People's Daily Online
|
||||||||||||||||||||||
(Editor:叶欣)

Related Reading

Special Coverage
Major headlines
China detains 96, seizes 400 kg of additive in fighting pork contamination
Police reveal motive, details of NW China milk poisoning case
China nabs over 14,000 suspects in IPR protection campaign, vows further efforts
Indian prime minister arrives in Sanya for BRICS Leaders Meeting
China prepared to buy more of Spain's government bonds: Premier
China, Brazil to promote trade, investment cooperation, says communique
Chinese official urges more efforts to guarantee social stability
Editor's Pick

Most Popular

Hot Forum Dicussion