Tianjin Free Trade Zone and China Aviation Industry Corporation(AVIC) have jointly invested RMB8 billion to build China Aviation Industry Helicopter Co., Ltd. headquartered in Binhai New Area.
‘Binhai New Area will turn into the top-class R&D base and final assembly base of Chinese helicopters,’ said relevant person in charge of the Operation Planning Department of AVIC.
In contrast to the Airbus A320 aircraft, China Aviation Industry Helicopter will mainly produce helicopters with 100% intellectual property rights and 100% independent brand.
With a registered capital of RMB8 billion, China Aviation Industry Helicopter Co., Ltd. has four backbone enterprises under it, namely, China Helicopter Design Research Institute, Harbin Aircraft Industrial Group, Changhe Aircraft Industries Group Ltd. and Baoding Propeller Factory.
eNorth reports it will be mainly engaged in the research and development of helicopter, airscrew, wind power products and structural components made of compound materials and possess the capacity of producing helicopters of a multiple of types and subcontracting the production of various aviation components.
According to the planning, China Aviation Industry Helicopter Co., Ltd.’s total demand on R&D personnel and production workers will be about 1,000 persons and the company will recruit R&D personnel from all over the world to expedite the step of integrating the industrial chain of the world’s aviation industry.