Superior Aviation

Aircraft Industry
9:36 am
Tue July 10, 2012

Hawker Beechcraft Announces Sale To Chinese Firm

Passengers wait to board a Raytheon Hawker Beechcraft T-1 Jayhawk.
Jack Snell Flickr

Aircraft maker Hawker Beechcraft announced Monday that it had reached a $1.79 billion “exclusivity agreement” with a Chinese aerospace manufacturer for the sale of its business jet and general aviation operations.

Under the agreement Beijing-based aerospace manufacturer Superior Aviation Beijing will buy Hawker Beechcraft and make payments over the next six weeks to support ongoing operations until the deal is finalized.

The sale does not include Hawker Beechcraft Defense Company, which will remain a separate entity.

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