In the past year, China has been “snapping up” U.S. general aviation companies, including a recent deal to buy cash-strapped Cirrus Aircraft, according to a report in the Wichita Eagle, which notes that while the purchase of Cirrus is a small transaction, it underscores China’s plans to expand its aviation industry. The story quotes aviation consultant Brian Foley, who is trying to organize a counter-offer to the Cirrus bid: “In buying up established companies, China gets the management know-how, brand, distribution, technology in days, not decades.” Read the full report here.
