Hawker Beechcraft on Monday announced an exclusivity agreement with Superior Aviation Beijing Co. in a deal that, if completed, will allow the Chinese-based company to acquire Hawker Beechcraft for a purchase price of $1.79 billion.
Hawker Beechcraft reps say Superior intends to continue present operations at the debt-plagued company while also pouring investment into the storied manufacturer’s business and GA product lines. Under the agreement, Superior would not acquire Hawker Beechcraft Defense Company, which is slated to continue its T-6 trainer program and AT-6 certification process as a separate entity.
