Sunday, July 15, 2007

China Xi'an Aircraft to sell up to $872 mln in shrs

(Reuters) - Proceeds will fund the purchase of 3.07 billion yuan of civil
aviation assets from the parent firm and other aviation projects,
it said.




Xi'an Aircraft International, which like its parent company
is part of state aircraft maker AVIC I, is also a supplier of
parts for the country's first self-developed regional jet, the
ARJ21, due for its maiden test flight next Spring.


Read more at Reuters.com Mergers News

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