# AVIC Aircraft to acquire Xi'an Aircraft and other assets via equity swap

AVIC Aircraft Co. Ltd. will acquire Xi'an Aircraft Industry Group Co. Ltd. and two other aviation assets via an equity swap, paying 2.98 billion yuan in assets and cash, to become China's premier aircraft manufacturer.

- Type: Acquisition
- Announced: 2020-09-23
- Where: China
- Value: $398.5M (2.98B CNY)
- Status: announced
- Products: aircraft fuselage, regional jet ARJ21, C919 fuselage
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AVIC Aircraft](https://endata.com/companies/28936.md) (acquirer)
- [Xi'an Aircraft Industry Group Co. Ltd.](https://endata.com/companies/50182.md) (target)
- [Aviation Industry Corp. of China (AVIC)](https://endata.com/companies/50183.md) (partner)

## Sources

- [caixinglobal.com](https://www.caixinglobal.com/2020-09-28/asset-swap-gives-lift-to-chinas-boeing-challenger-101610566.html), 2020-09-28: "The series of moves will see Xi'an Aircraft Industry Group Co. Ltd. along with two other aviation assets, moved into AVIC Aircraft Co. Ltd. via equity swaps."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.