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Guanglian Aviation has signed a framework agreement with Shanghai Aircraft Manufacturing Co. (a COMAC subsidiary) for C929 wide-body aircraft composite tooling, with a contract value up to CNY 105 million.
Guanglian Aviation, as lead of a consortium, won a CNY 123 million contract from Zhejiang Huarui Aviation to develop a fuselage panel assembly line for the CR929 wide-body aircraft.
Guanglian Aviation announced on June 12, 2022, that it plans to invest CNY 120 million to acquire the remaining 30% equity of Chengdu Hangxin, making it a wholly-owned subsidiary. The move aims to enhance its presence in the Southwest China aerospace manufacturing market.