China Buys Its Way to Aerospace Growth with M&A Splurge
Even as it struggles to bring new products such as Comac’s C919 airliner to market, China’s emerging aerospace industry is continuing to display a boundless appetite to acquire new capability through mergers and acquisitions.
Even as it struggles to bring new products such as Comac’s C919 airliner to market, China’s emerging aerospace industry is continuing to display a boundless appetite to acquire new capability through mergers and acquisitions.

China’s ambitions to fast-track the development of its aerospace industry continued to be a key driver of merger and acquisitions (M&A) activity during the second quarter, according to financial advising group PricewaterhouseCoopers (PwC). In a report last week, the group contrasted high levels of M&A activity in the civil aerospace sector with a defense sector where deal-making has slowed in the wake of the U.S. federal government cuts to military spending and the uncertainty prompted by the budget sequestration.