MD-90 From United States of America, joined Jan 2000, 8530 posts, RR: 11
Reply 1, posted (5 years 2 months 1 week 18 hours ago) and read 2321 times:
Teledyne Continental lost the Teledyne and was sold to Technify Motors, a subsidiary of AVIC. So now they own the aircraft company and the complementary engine company (strikingly similar to Textron owning Cessna and Lycoming).
It's not surprising considering how bad the imbalance of trade is between China and the US. They have a lot of dollars filtering through their economy that can be profitably invested in US companies. I wonder how long it'll be before we see scare articles in the media about China, Inc. buying up the US (as Japan, Inc. was predicted to do in the late '80s).
As long as they keep building good aircraft and good engines, who cares who owns them?
morrisond From Canada, joined Jan 2010, 295 posts, RR: 0
Reply 5, posted (5 years 2 months 1 week 14 hours ago) and read 1744 times:
It would be interesting to see how much they could drop the price if they did build it in China.
I wonder what would happen if people were given a choice between a Cirrus built in the States for X dollars or a Chinese built copy at 50% of X, I would guess most would choose the Chinese Copy - as would I - As long as the Chute still came from the States!