U.S. business jet company in sales talks with Chinese aerospace firm
U.S. business jet maker Hawker Beechcraft filed for Chapter 11 bankruptcy in May, when it couldn’t support a $2.5 billion jet load. Now, according to Alison Leung and Fang Yan, reporting for Reuters, Hawker Beechcraft is in exclusive sales talks with a Chinese aerospace firm, Superior Aviation Beijing. The writers spoke with Superior's spokesman:
‘There could be lot of opportunities for us if the government opens up the private jet sector,’ said Superior's spokesman, Qian Chunyuan, adding the deal would be funded with bank loans and the company's own money.
If the deal does get through, the priority for Superior is to keep Beechcraft afloat rather than moving its plants to China, he said. The Chinese maker of plane engines and parts has offered to fund Hawker Beechcraft's jet operations over the next six weeks.”
Read more here.
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