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Beechcraft sale to Chinese firm off

10-22-2012 11:03 BJT

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A China-US business deal has again miscarried due to potential national security concerns. America's Hawker Beechcraft, the business jet maker revealed in a statement that takeover talks with China's Superior Aviation Beijing Company had collapsed.

According to the US based Wall Street Journal, the takeover failed to finalize amid concerns about potential U.S. government national-security objections and difficulties separating Hawker’s defense aerospace operations from other businesses.

A sale to Superior would have required approval from the Committee on Foreign Investment in the U.S., a government panel that reviews foreign purchases of American businesses.



Editor:Zhang Rui |Source:

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