Aero Engine Corporation of China


Aero Engine Corporation of China is a Chinese state-owned aerospace manufacturer focused on the design and development of aeroengine and related technology, comprising 46 affiliated companies including engine manufacturers, institutions and aero-engine factories.
WWW aecc.cn

History

The company, which has its headquarters in the Haidian District of Beijing, was established on August 28, 2016 with the objective of creating a Chinese company capable of competing with Western engine manufacturers, including Rolls-Royce, General Electric, Pratt & Whitney, and Safran. At launch, AECC was to be capitalized with US$7.5 billion by Aviation Industry Corporation of China and Commercial Aircraft Corporation of China, Ltd. (COMAC), China's two main state aerospace companies.

U.S. sanctions

In November 2020, U.S. President Donald Trump issued an executive order prohibiting U.S. companies and individuals owning shares in companies that the United States Department of Defense believe have links to the People's Liberation Army. The list produced by the United States Department of Defense as being linked to the People's Liberation Army includes AECC.