General Aviation in China

Hawker Beechcraft which is a company based out of Wichita Kansas filed for protection bankruptcy during May of 2012, with plans to sell the civilian Aviation company to Superior Aviation Beijing Co. for 1.8 billion dollars.  According to CBS news the sale had collapsed. this past Thursday and the U.S plane maker said the company now plans on emerging from bankruptcy as a slimmed down company within the first quarterly year of 2013.  CEO Robert "Steve" Miller said in his own words, "despite our best efforts, the proposed transaction with Superior could not be completed on terms acceptable to the company.  To protect themselves the company obtained 50 million dollar deposit that is fully non-fundable and property of the company.  The company plans on changing its name to Beechcraft and focus on most profitable products.

To get back on topic another U.S general aviation company that has ties with China is Cessna.  Cessna signed agreements in March with Aviation Industry Corp. of China (AVIC) along with the Chengdu government.  Cessna came to agreements with China because it expects it to become one of the top ten countries for business jet ownership by 2025.

China's rapid growth is due to all the aerial work and training and private flying that will be done within the next ten years.  Their general aviation aircraft will increase well over 10,000 by 2020 with a rapid growth rate of 22 percent.  They will need 1,997 general aviation aircraft's for aerial work, and 1,415 aircraft's for training and private flying.

The relationship between the U.S. general aviation manufacturers with the ties to China's rapid growth is by Cessna coming with agreement with the Chinese general aviation they would produce mid-size and light business jets, utility single engine turboprops and single engine piston aircraft and transfer them over to China where they would be sold.

With all this happening people who work for Cessna and produce those aircrafts for the Chinese general aviation will continue to be employed for the upcoming years.  With China rapid growth with general aviation and high demand for aircraft being produced I think they will continue to flourish.  As for the U.S. general aviation they should be fine if they could continue to remain in partnership with China in producing and selling aircraft's.