New company to take on jet project
By Lu Haoting | 皇冠体育app Daily | Updated: 2007-12-12 06:54
皇冠体育app will establish a new company by March to take charge of its large passenger airplane project, a senior executive from the country's top aircraft manufacturer said yesterday.
Shareholders of the new firm are likely to include 皇冠体育app Aviation Industry Corp I (AVIC I), AVIC II, State-owned investment companies and Chinese airlines, Liang Zhenhe, vice-president of AVIC II, told 皇冠体育app Daily.
The aircraft will be assembled in Shanghai, with the nose, fuselage and tail sections manufactured in other provinces, Liang said.
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