This is terrible news. More American companies being gobbled up by the Chinese, with more American jobs soon to follow.
Flying Magizine still supporting the Chinese purchasing GA companies. When Cirrus was brought, Flying said what a good idea. You have to understand that Flying Mag is a forgien company itself so they really don't understand when Americans get riled up when company after company is brought by the Chinese. The chinese are intent are controlling alll GA in this country and we have a President that supports that approach.
This a little scary to me. Think of the potential impact on our nation's Defense. The Texan II, and many models of Beech aircraft are operated by our military. This could give the Chinese ready access to some of our advanced military technology and contracts.
Does this mean we'll be able to get Beech parts at Walmart now?
Sorry but I'm like most of you and deeply saddened that our country is being sold piece by piece to Chinese and other less-friendly countries.
MAYDAY/MAYDAY/MAYDAY THOUSANDS OF SOULS ON BOARD, GOING DOWN
This is a desaster , after Cirrus and Lycoming ( if the deal is done ...!) who's next ..you can see the copy of herlicopters : AC 311 , AC 313 ( Eurocopter ....and spare parts !) and so on . It's impossible for a US Company to make a deal with Beachcraft ....?? I am speechless
Wake up Occidental World , please wake up !
Is there any investment company who can do something
Please help US
What part of [communist] do the American people not get? China supports hostile actions by North Korea, who by the way supports terror and Nuclear buildup in the middle east [Iran]. It is not an accident that they own 20 trillion of our debt, and are rapidly sucking up American companies. That little bit above regarding the saving of American jobs? Wake up. They are destroying America from within, while Washington sits around and hands them the keys to the front door. When my son gets his hand on a Chinese toy and it breaks into pieces because it was produced in a substandard factory with no regulation that's one thing, but I wonder if the little guy will be a little more upset if dad doesn't come home because he was flying some POS made in China.
Yikes!!! The Chinese have amazing manufacturing capabilities, but they also have serious manufacturing shortcoming. Given their very serious manufacturing issues and defects (bad welds, inconsistent material composition, poorly educated manufacturing folks, poor quality control, bait-and-switch, lack of over sight, casual replacement of key materials/components etc etc - I would not be buying a Chinese made made jet, trainer or anything that leaves the ground made in China at this time. To me it is pathetic that a Goldman's and Co have screwed this up, that the Western World has not stepped up, and that yet another major enterprise is potentially heading East. The Western World has gone so soft, so safe and moved so far away from efficent business operations - that China is able to buy anything it wants with its ongoing global acquisition mission. Wake up America! Wake up Europe!
What made HBC go under? Sales nearly dormant, huge liability tail for pensions and other debts, oppressive over-regulation and planes full of cool but expensive and heavy components that only few hundred can buy each year. A long way from the salad days of the 1960s and 70s. Add to that mix a focus away from the recips that made them successful and towards ever faster, pricier bizjets in an over-saturated marketplace.
Do plane's really need leather (read heavy) interiors, dual GPS and synthetic vision to be salable? It doesn't appear to be the case here, or HBC would have enough sales to avoid bankruptcy. What today's buyers need are affordable, simpler machines with modern engines and composite airframes to allow better aerodynamics and lower drag. Certainly HBC and Diamond and Cirrus could have benefited by a more robust economy. I hate to say it but perhaps the best way to breath life into this industry is For the legacy manufacturers to continue to go under and take their debt loads away with them. then we might have have companies without massive debt loads like Pipestrel and Evector as the 21st century aircraft builders. Why can Pipestrel build their two-seater Virus with a 100 hp Rotax that can blow the doors off a SkyCatcher with the same power?