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Chengdu Aircraft Industry Corporation
The Chengdu Aircraft Industry Group (CAIG) or Chengdu Aerospace Corporation (CAC), a subsidiary of AVIC, is a Chinese aerospace conglomerate that designs and manufactures combat aircraft and is also a manufacturer of aircraft parts. It was founded in 1958 (as Chengdu State Aircraft Factory No.132 Aircraft Plant) in Chengdu, Sichuan province to be an aircraft supplier for the Chinese military. The Chengdu Aerospace Corporation designed and now produces the Chengdu J-10 light-weight multi-role fighter and Chengdu J-20 fifth-generation jet fighter, that are considered to be two of the most advanced weapons in China's inventory, as well as the CAC/PAC FC-1 Xiaolong (Chinese designation) (CAC/PAC JF-17 Thunder is the Pakistani designation) very light-weight multi-role fighter that is produced in cooperation with Pakistan. Chengdu Aerospace has been cited for its success in developing China's first fifth-generation aircraft and stealth fighter jet. Its development led China to bec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
