GE for China aviation JV: Statement

GE's aviation unit and China's state-run Aviation Industry Corp said they had agreed to form a JV.

General Electric Co’s aviation unit and China’s state-run Aviation Industry Corp said they had agreed to form a joint venture to develop and market systems for commercial aircraft.

The two companies said in a joint statement they aimed to launch the new joint venture by mid-2010 and were awaiting regulatory approval.

The new company will be headquartered in China and will target global markets,the statement said.

Story continues below this ad

Lorraine Bolsinger,president and chief executive for GE’s aviation systems business said the new venture wanted to work with the Commercial Aircraft Corporation of China on a proposed 168 to 190-seat aircraft.

Commercial Aircraft Corp of China,already markets the ARJ21,China’s first 90-seat regional jet.

No financial details of the deal were released.

Tags:
General Electric

Though the EC’s media invitation did not specify the subject, officials said the briefing would pertain to the SIR schedule. (File)

EC to announce dates for nationwide Special Intensive Revision tomorrow

India2 hr ago

The EC will announce the schedule for the Special Intensive Revision of electoral rolls in multiple states, including Assam, Kerala, Puducherry, Tamil Nadu, and West Bengal, on Monday. The exercise, which hasn't been conducted in two decades, aims to update the rolls and eliminate duplicate entries and foreign nationals.

View all shorts

Live Blog

PHOTOS