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AVIC Cabin System signed an agreement to purchase AVIC Hubei Ali-Jiatai Aircraft Equipment from AviChina Industry & Technology Company, AVIC Aerospace Life-Support Industries, and AVIC International Development Aero-Development.
AVIC Aviation High Technology Co Ltd plans to invest 45 million yuan to set up a Beijing-based aviation connection technology and assembly technology JV with AviChina Industry & Technology Co Ltd, AVIC Manufacturing Technology Institute and a limited partnership. The registered capital is 250 million yuan, with AVIC Aviation holding 18%.