The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned publicly-traded aerospace and defense conglomerate headquartered in Beijing.
In 1994, Avic was among the large industrial state-owned enterprises of China which were selected for a pilot program of restructuring as state holding companies, thereby enabling partial public listings of its subsidiaries' assets.
[8] In 2015, AVIC and BHR Partners acquired U.S. automotive supplier Henniges, through a joint venture structure.
Both retained civilian and military aircraft production capabilities, along with a number of unrelated business ventures.
The goal of the merger was to eliminate this redundancy and spin off pursuits unrelated to aerospace, such as motorcycle and automobile parts manufacturing.