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Chinese XAC takes over Austrian manufacturer FACC
Xi'an, China - With the commitment to keep operations in the European country
Chinese aircraft manufacturer XAC (Xi'an Aircraft International) has taken over 91.25% of Austrian company FACC (Fischer Advanced Composite Components), which builds composite parts for aviation. Approval by regulators in the two countries is expected for the end of the year. After the operation is completed, XAC will inject € 40 million as capital raise in the Austrian company, bringing the shareholders' e...
AVIONEWS - World Aeronautical Press Agency - 1109797
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency