Home  |  News  |  Photo  |  Video   |  Travel  |  Learn Chinese  |  Opinions  |  EZFM  |  NEWS Plus  |  CHINA PLUS
Chinese firm acquires global aircraft manufacturing giant
   2016-12-17 16:47:32    CRIENGLISH.com      Web Editor: Zhang Xu

Wanfeng Auto Holding Group holds a handover ceremony to acquire Diamond Aircraft Industries in Canada, on Tuesday, Dec. 13, 2016. [Photo: The Paper]

Wanfeng Auto Holding Group has announced that a handover ceremony was held in London, Ontario, Canada on Tuesday following the formal acquisition of Diamond Aircraft Industries, the world's third-largest general aviation aircraft manufacturer, The Paper reports.

This purchase is the latest move for Wanfeng, based in Zhejiang province, to build a whole-industry chain in aviation, after it acquired three aircraft manufacturing projects in Czech Republic and an aviation training school in Canada, as well as built its own aviation town in Zhejiang. Chen Ailian, board chairman of Wanfeng, revealed that the first plane produced and named by Wanfeng is to make its maiden flight next summer.

Established in 1981, Austrian-headquartered Diamond Aircraft Industries produces a range of light aircraft and has been engaged in the development of a single-engine jet aircraft, the Diamond D-Jet.

Founded in 1994, Wanfeng has businesses in such fields as auto parts manufacturing, robotic and intelligent equipment, magnesium alloy, and financial investment, with annual sales of 3 billion U.S. dollars.   

This file photo shows general aviation aircraft made by Diamond Aircraft Industries. [Photo: The Paper]

Share

               


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

                         
News
China
World
Politics
Business
Sports
Showbiz
Sci-tech
Photo
Recommended
China
World
Sports
Showbiz
Travel
Video
C4
The Sound Stage
Showbiz
Travel
China Revealed
My Chinese Life
Travel
Destinations
Photo Gallery
Recommended
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ