JAEC meaning in Business ?

The Japanese Aero Engines Corporation is a consortium of several large Japanese companies (Kawasaki Heavy Industries, Ishikawajima-Harima Heavy Industries, Mitsubishi Heavy Industries that develops and manufactures aero engines.

The joint venture was formally established during 1981, it became a part of the larger International Aero Engines (IAE) consortium in the following year. Via IAE, the group was involved in the manufacture of the V2500 turbofan engine, which became the second most successful commercial jet engine program in production today in terms of volume, and the third most successful commercial jet engine program in aviation history. The Japanese Aero Engine Corporation has been involved in a number of other engines, including the General Electric CF34-8/-10, General Electric GEnx, Rolls-Royce Trent 1000, Pratt & Whitney PW1100/1400G-JM, General Electric Passport 20 engine and General Electric GE9X.