Chinese State-Owned AVIC Injects $149M Into Business Aviation Firm In First Such Case

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Global Wings Business Aviation Technology, a business aircraft sharing and business air-charter platform in China, has raised RMB1 billion (US$149.38 million) in a new round of financing from Chinese state-owned aerospace and defense conglomerate Aviation Industry Corporation of China (AVIC), said Global Wings in a statement released on Wednesday.

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