China Building a General Aviation Industry - Now Acquiring U.S. Plane Maker
Sunday, March 06, 2011
China Aviation Industry Corporation (AVIC), a unit of the state-run airline has agreed to buy U.S. private-aircraft manufacturer Cirrus Industries Inc. China Aviation plans to acquire the Cirrus line of four-seat propeller aircraft as part of the expansion of their emerging general-aviation industry. Such small aircraft are typically owned by small businesses and private individuals.
China is considered one of the world's most promising markets for aviation growth. This acquisition would give the Chinese company access to Cirrus' technology, including the small jet, the Vision, now in development. It would also provide China a way to enter the U.S. general-aviation market, which is the world's largest.
AVIC is also looking to sell other aircraft in the U.S., including to the U.S. government, such as helicopters and the L-15 jet trainer to the U.S. Air Force. AVIC is part of a joint venture with General Electric to produce avionics for civilian planes. (NOTE: Avionics are the electronic "brains" of an aircraft.)
The acquisition of Cirrus by AVIC is subject to approval by the U.S. government. The purchase by cash-rich AVIC would give Cirrus increased financial resources to expand. According to Cirrus's president, AVIC plans to keep production in the U.S. for now, with additional manufacturing capacity only as that market grows.
The expansion of general aviation in China is significant. Interested in becoming an important person in the Chinese aviation industry? Contact
www.pea.com and learn how you can become a professional pilot. Phoenix East Aviation has been training pilot candidates for airlines worldwide since 1972.
3/6/2011
Comments:
Response to: China Building a General Aviation Industry - Now Acquiring U.S. Plane Maker
Thursday, March 10, 2011
erlendi says:
Together with the China's enormous building plans, it appears as though Middle Kingdom cherishes relentless ambitions as far as the aviation industry is concerned:
http://blog.flylowcostairlines.org/2011/03/01/china-to-build-45-new-airports-by-2015/
Response to: China Building a General Aviation Industry - Now Acquiring U.S. Plane Maker
Sunday, May 22, 2011
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