Glasair CEO Quits as Chinese Firm Takes Control

Stephen Pope

Thursday, August 09, 2012 at 08:26 PM ET

Verified

Key Takeaways:

Glasair president and CEO Mikael Via has departed the company following its acquisition by China-based Jilin Hanxing Group, with Nigel Mott and Scott Taylor assuming new leadership roles.
The new owner, operating as Glasair Aviation USA LLC, plans substantial investment in existing product lines, starting with certifying the Sportsman design, and aims for significant growth through acquiring additional airframe designs and aviation companies.
Jilin Hanxing Group has committed to retaining Glasair's U.S. headquarters, revamped management team, and current workforce, with no plans for employee relocation or termination.

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Glasair president and CEO Mikael Via has decided to leave the company after its recent sale to Jilin Hanxing Group, a China-based conglomerate, ending a tenure that saw a successful resurgence for the kitplane maker.

Replacing Via at the helm of Glasair Aviation are its new president, Nigel Mott, previously the vice president of operations, and Scott Taylor, who was promoted from general manager to vice president of operations.