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Hawker Beechcraft announces $1.79 billion sale to China’s Superior Aviation
Associated Press (Washington Post) ^ | 7/9/12 | Staff

Posted on 07/09/2012 4:58:02 PM PDT by ruralvoter

Struggling aircraft maker Hawker Beechcraft announced Monday that it had reached a $1.79 billion “exclusivity agreement” with a Chinese aerospace manufacturer for the sale of its business jet and general aviation operations in a deal that will save thousands of jobs in Kansas and Arkansas.

Under the agreement Beijing-based aerospace manufacturer Superior Aviation Beijing Co., Ltd., will buy Hawker Beechcraft and make payments over the next six weeks to support ongoing operations until the deal is finalized.

The sale does not include Hawker Beechcraft Defense Co., which will remain a separate entity.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: aviation; china; hawkerbeechcraft

1 posted on 07/09/2012 4:58:16 PM PDT by ruralvoter
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To: ruralvoter
Wow, another notch in 0bama’s handle for him to take pride in.
2 posted on 07/09/2012 5:01:33 PM PDT by EGPWS (Trust in God, question everyone else)
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To: ruralvoter

Commies taking over another US company. This is just swell. With money we’ve paid them. Obama just laughs.


3 posted on 07/09/2012 5:02:59 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: EGPWS

Isn’t Obama nice to preside over the decline and sell-off of America.


4 posted on 07/09/2012 5:02:59 PM PDT by omega4179 ( el 0bama comio un perro)
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To: ruralvoter

China just got a Bonanza.


5 posted on 07/09/2012 5:04:27 PM PDT by reg45 (Barack 0bama: Implementing class warfare by having no class!)
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To: ruralvoter

Madness.


6 posted on 07/09/2012 5:04:57 PM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: EGPWS

How interesting. The company name “Goldman Sachs” is not mentioned in the AP article. (It IS mentioned in the Bloomberg article) GS Capital is Goldman Sachs. So, his buds at “GS” win, the Chinese “win”.

How does the U.S. “win”?


7 posted on 07/09/2012 5:07:15 PM PDT by ruralvoter
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To: reg45

Forked tail doctor killer?


8 posted on 07/09/2012 5:07:50 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: ruralvoter

Walter Beech is turning in his grave.


9 posted on 07/09/2012 5:10:29 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: reg45

China just got a Bonanza.
_______________________________________

Great airplane. I had two of them in my younger years, a G and an H.


10 posted on 07/09/2012 5:10:33 PM PDT by AlexW
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To: omega4179
Isn’t Obama nice to preside over the decline and sell-off of America.

He should use it in his campaign. /s

Photobucket

Photobucket

11 posted on 07/09/2012 5:10:43 PM PDT by EGPWS (Trust in God, question everyone else)
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To: ruralvoter

Whiskey Tango Foxtrot. They might as well change the damn name to Chengdu soon! Now they deserve to get screwed over for the light-attack aircraft competition that was re-opened because of their nagging.


12 posted on 07/09/2012 5:14:33 PM PDT by InsidiousMongo
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To: EGPWS

I’m sure Baraq trashing private biz jets was a big help here.


13 posted on 07/09/2012 5:17:00 PM PDT by nascarnation
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To: ruralvoter

Here is a link to a recent news article about their bankruptcy details.
http://in.news.yahoo.com/hawker-beechcraft-files-restructuring-plan-184400650—sector.html

- Underfunded pension plans
- Downturn in market

Goldman Sachs was part of a LBO in 2007.

Consider this timing:
“The company is aiming to confirm and execute its reorganization plan by November 15 and December 15, respectively.”

Does this mean they want the company tied up in a little red China bow before the new administration rolls into DC?


14 posted on 07/09/2012 5:20:44 PM PDT by ruralvoter
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To: ruralvoter
Good god, This "old" King Air pilot is not happy.

I have had a very bad day and now this.

15 posted on 07/09/2012 5:22:52 PM PDT by Kakaze (I want The Republic back !)
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To: Secret Agent Man

Suck up the technology and shut it down.


16 posted on 07/09/2012 5:24:25 PM PDT by nascarnation
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To: nascarnation

Sounds like the deal doesn’t let them shut it down for awhile, anyway. But definitely they will take all the technology. And make stuff out of cheaper parts that fail more often.


17 posted on 07/09/2012 5:31:19 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: ruralvoter

This sale should require Obama’s approval and based on his leaning toward communism and Islam, I expect him to approve.

Not bad for enemies of We the People of the United States; exporting jobs, advanced research, latest technology, and manufacturing processes to an enemy with one presidential signature.


18 posted on 07/09/2012 5:55:07 PM PDT by jody2 (Legislature veto governor's bills)
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To: ruralvoter
How does the U.S. “win”?

We get to keep the labor, at least until they dismantle the plant and send the tooling to China.

19 posted on 07/09/2012 5:55:21 PM PDT by 11Bush
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To: reg45

Was it a V-tail?


20 posted on 07/09/2012 6:27:08 PM PDT by Tucker39 ( Psa 68:19Blessed be the Lord, who daily loadeth us with benefits; even the God of our salvation.KJV)
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To: nascarnation
I’m sure Baraq trashing private biz jets was a big help here.

Nancy Pelosi outdid the African-American messiah with that one.

21 posted on 07/09/2012 6:29:40 PM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

She was trying to keep the air traffic count down so it wouldn’t interfere with her weekly jaunt to the west coast.


22 posted on 07/09/2012 6:32:29 PM PDT by nascarnation
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To: ruralvoter
How does the U.S. “win”?

Well, a few years ago we got some really good deals on "Made in China" hammers at Home Depot.

23 posted on 07/09/2012 6:34:06 PM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Kakaze
This "old" King Air pilot is not happy.

A 90, 100, 200, 300, 350, all or some?

A good aircraft for decades!

24 posted on 07/09/2012 6:34:06 PM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

Get used to it.

As currently operated, all American companies will be eventually purchased by Chinese companies.

All of them.

That is the current trend. Chinese buy. Americans sell.

Americans bail. Chinese plan.

WTF are we doing?


25 posted on 07/09/2012 6:40:12 PM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: EGPWS
A 90, 100, 200, 300, 350, all or some?

500 in an E90 and over 2,000 in 200's

Some days I miss it, some days I don't lol. On call 7 days a week took its toll but it was a wonderful way to live also for single guy.

26 posted on 07/09/2012 6:40:49 PM PDT by Kakaze (I want The Republic back !)
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To: Cringing Negativism Network
Americans bail. Chinese plan.

Or as a smart guy said on CNBC a few yrs ago, China has central planning by engineers, mathematicians, and scientists, and the US has central planning by lawyers. By definition, we lose.

27 posted on 07/09/2012 6:43:31 PM PDT by nascarnation
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To: nascarnation

Wen I read the line about all the jobs it will save I thought to myself: “Yeah. For about as long as it will take for the ching-changs to duplicate the tooling, or just flat out MOVE it over there!


28 posted on 07/09/2012 6:46:36 PM PDT by Tucker39 ( Psa 68:19Blessed be the Lord, who daily loadeth us with benefits; even the God of our salvation.KJV)
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To: Kakaze
Some days I miss it, some days I don't lol. On call 7 days a week took its toll but it was a wonderful way to live also for single guy.

Just curious, ever have any "hot start" shutdowns with the PT6?

24/7 for me for a few years, on the maintenance end, too with King Airs. Now it's another American made "suck and blow" aircraft company for me.

29 posted on 07/09/2012 6:49:59 PM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS
Just curious, ever have any "hot start" shutdowns with the PT6?

Nah, never had any real problems with them. The only time I shut one down was on landing at Detroit Metro, a chip detect light came on right at touch down, shut it down since we were already on the ground and taxied in, no one in back knew any different, just a bad sensor...........and before anyone asks it was a smooth touch down :)

They were a pleasure to operate, you always knew you had a solid aircraft behind you.

30 posted on 07/09/2012 6:57:31 PM PDT by Kakaze (I want The Republic back !)
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To: Cringing Negativism Network
WTF are we doing?

We are allowing a half breed and his DC crowd to destroy what once was a nation to be proud of.

http://www.youtube.com/watch?v=OJgWMI0hch8&feature

31 posted on 07/09/2012 6:58:52 PM PDT by B4Ranch (There's Two Choices... Stand Up and Be Counted ... Or Line Up and Be Numbered .)
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To: Kakaze
They were a pleasure to operate, you always knew you had a solid aircraft behind you.

Unbeatable for their class of aircraft.

32 posted on 07/09/2012 7:02:08 PM PDT by EGPWS (Trust in God, question everyone else)
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To: 11Bush

“We get to keep the labor, at least until they dismantle the plant and send the tooling to China. “

Yup. They have a record of doing that.

The Chinese did that when they bought Rover. Took all the machines, jigs, and everything back to China. I wouldn’t be surprised if they took the plumbing fixtures too. Then the factory was torn down. Worst thing is the sleazy little bastards got the MG trademark and are using it. They say it means “Modern Gentleman” - the pricks.

Google Longbridge assembly plant if you want to know more.


33 posted on 07/09/2012 7:16:44 PM PDT by Nik Naym (It's not my fault... I have compulsive smartass disorder.)
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To: ruralvoter
Hmmm...Toe in the water...Nose in the tent...

Take your pick.

34 posted on 07/09/2012 7:17:13 PM PDT by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: Nik Naym
. Worst thing is the sleazy little bastards got the MG trademark and are using it. They say it means “Modern Gentleman” - the pricks.

Winning the Future?

But I'd be prepared to forgive them if they went and produced a car that looks exactly like the Z series - the best looking Brit car of the 50s


35 posted on 07/09/2012 7:43:52 PM PDT by Oztrich Boy (Literals will believe anything.)
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To: Nik Naym

You know, it’s kind of funny in a sick-minded sort of way, but we are the indigenous population of a nation that is colonized. Much as African or Asian countries were two hundred years ago the US is now sending the wealth of it’s nation to another nation to enrich their ruling class.

The only difference is that with modern technology the other country does not need to expend treasure to pacify and occupy us. It’s all done by moving electrons through the system and the willingness of the indigenous population to be slaves. Really remarkable when you consider it.

On another topic, I could cut/paste your homepage to mine and there would be no need for edit.


36 posted on 07/09/2012 7:48:52 PM PDT by 11Bush
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To: Tucker39
Yep they'll end up like the town where my Dad was born and grew up.. and lived his whole life, come to think of it. In about 1930 it was annexed by the nearby somewhat larger city. The smaller town had a higher per capita tax base due to several "industrial" plants, including a railroad "shops" and a aircraft/truck factory.

They had installed lights at their high school football field, the first lighted high school field west of the Missouri. The lights hadn't been paid for with tax money anyway, but rather voluntary collections, so that the working class folks (my dad was well below that, Grandma being a single Mom and all) could watch their kids play, since they were working during the them usual time. As soon as they voted for annexations, after lots of promises and a prior rejection by the voters, they merged the school districts, took the lights for some tennis courts, and forbade night football in the new district. Eventually that high school, and 2 others in formerly independent towns, were consolidated into one.. the one I went to. Dad went one year after consolidation. Had some of the same teachers even.

37 posted on 07/09/2012 8:40:27 PM PDT by El Gato ("The second amendment is the reset button of the US constitution"-Doug McKay)
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To: ruralvoter

The Fed Gov’s war against general aviation is killing everyone.

We need a real revolution.


38 posted on 07/09/2012 8:43:35 PM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they were.)
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