The sale of AIM Altitude to AVIC International has been completed. “We now look forward to combining AVIC’s strengths as a major strategic aerospace business alongside our own expertise in design, engineering and manufacture, to deliver further growth for AIM Altitude,” said Mark Edwards, CEO of AIM Altitude.
Now a wholly owned subsidiary of AVIC, AIM Altitude will continue to support existing and new airline customers in the Middle East, Europe and the Americas, as well as in China and the Asia-Pacific region.
“We are thrilled to welcome the AIM Altitude team into the group,” said Xu Tongyu, vice president of AVIC International. “AVIC International is a leading diverse multinational corporation covering the whole aviation industry and value chain, and AIM Altitude’s expertise in cabin interiors will further extend our core capabilities and international competitiveness.”
“This is superb news for AIM Altitude and allows the team to build on the growth of the last few years,” said Andy Stevens, chairman of AIM Altitude. “The sale to AVIC will enable them to continue with their vision for a successful and prosperous future, positioning AIM Altitude as a world leader in cabin interiors.”
May 13, 2016