China's AVIC finalising merger of aircraft engine business
March 03, 2016 at 01:04 AM EST
BEIJING, March 3 (Reuters) - State-owned Aviation Industry Corporation of China (AVIC) is finalising the 129 billion yuan ($19.71 billion) merger of its aircraft engine businesses, according to company filings, as part of an overhaul of the country's state-owned conglomerates.