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Cirrus Acquired By Chinese Company  
User currently offlineAC788 From Canada, joined Jan 2009, 69 posts, RR: 0
Posted (3 years 10 months 1 day 7 hours ago) and read 2358 times:

Cirrus has just been acquired by Chinese company China Aviation Industry General Aircraft Co. Apparently the production will remain in the United States however...
Link to AVweb article:
http://www.avweb.com/avwebflash/news...d_By_Chinese_Company_204192-1.html

5 replies: All unread, jump to last
 
User currently offlineMD-90 From United States of America, joined Jan 2000, 8508 posts, RR: 12
Reply 1, posted (3 years 10 months 1 day 6 hours ago) and read 2129 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?


User currently offlineRevelation From United States of America, joined Feb 2005, 12970 posts, RR: 25
Reply 2, posted (3 years 10 months 1 day 5 hours ago) and read 1949 times:

Quoting MD-90 (Reply 1):
As long as they keep building good aircraft and good engines, who cares who owns them?

I'm OK with it, so long as I get a fortune cookie with each aircraft I buy!  



Inspiration, move me brightly!
User currently offlineAeolus From Mexico, joined Aug 2007, 374 posts, RR: 0
Reply 3, posted (3 years 10 months 1 day 4 hours ago) and read 1770 times:

Quoting AC788 (Thread starter):
China Aviation Industry General Aircraft Co.

Oh man. That says CAIGA Co. Caiga=fall in Spanish....

Just a comment.

-Aeolus



Flying under the clouds above!
User currently onlineaf773atmsp From United States of America, joined Aug 2006, 2715 posts, RR: 1
Reply 4, posted (3 years 10 months 1 day 2 hours ago) and read 1593 times:

Please don't tell me they're going to move to China. I know the article says keep jobs in Duluth and Grand Forks but for how long is what I'm thinking.


It ain't no normal MD80 its a Super 80!
User currently offlinemorrisond From Canada, joined Jan 2010, 244 posts, RR: 0
Reply 5, posted (3 years 10 months 1 day 2 hours ago) and read 1552 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!


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