The Study On Capital Operation Of Xi'an Aircraft International Corporation

Capital operation is a way that enhances the competitiveness of the enterprises, recently, with the development of economic globalization, the cases of mergers and acquisitions gradually increase, and a series of changes are taking place in aircraft industry. In domestic, the capital market is experiencing a dramatically development, the listed companies should take advantages of the opportunities and executive capital operation, thus better allocate the resource, enhance the competitiveness and acquire competitive advantages.The paper takes Xi'an Aircraft International Corporation as the research object and discusses the capital operation issue of the company. Firstly, the environment of the capital operation is analyzed, and the company should take internal conditions to seize the opportunities brought by the environment; Secondly, from the aspect of the capital restructuring, technical advancement project and the setting new aircraft companies, the paper discusses the feasibility of the capital operation; Thirdly, a program of the capital operation is designed, and the program includes non-public directional seasoned equity offering, restructuring projects and the setting new aircraft companies projects; Fourthly, some instructions are provided according to the risk generated in the process of capital operation. Xi'an Aircraft International Corporation will face the integrated risk, governance risk and controlling risk of the holders. Finally, the thesis evaluates its performance, and the management performance, market performance and finance performance are enhanced after the application of the capital operation.