Aviation Industry Corporation of China · Full chronicle and history

Continental Aerospace Technology Company, a mainland aviation technology firm under China's state-owned Aviation Industry Corporation of China (AVIC), has agreed to pay more than $11.77 million to settle a False Claims Act case in which it was accused of improperly applying for US Paycheck Protection Program (PPP) loans for small and medium-sized enterprises during the COVID-19 pandemic.

In mid-April 2026, the former chairman of China's Aviation Industry Corporation was sentenced to death for corruption and malfeasance. The group is the main producer of most of China's combat aircraft.