What Happened
Chinese Flight Control System Supplier Expands R&D Capabilities
Qingwei Aviation, a supplier of high-safety-level flight control and display systems, has secured over 50 million yuan in new financing, marking its third consecutive fundraising round in half a year. The funds will be used to accelerate the R&D and airworthiness process of its high-safety-level fly-by-wire flight control computing platform and intelligent cockpit display system. According to 36Kr, the company’s products have received orders, R&D contracts, and product deliveries from leading OEM customers, and it plans to take an appropriate number of OEM customers to complete the TC certification of aircraft and subsequent large-scale delivery.