The Associated Press is reporting that aviation analysts are skeptical about claims being made in the planned sale of Hawker Beechcraft Inc. to a Chinese firm, quoting one longtime industry observer who called it “beyond smoke and mirrors.”
The $1.79 billion offer for Wichita, Kan.-based Hawker Beechcraft by Beijing-based Superior Aviation Beijing Co. is “a lot of money” for a struggling company with old product lines that has spent little on research and development — particularly since its defense operations are not included in the deal, several analysts said. Read the full report here.
“When the corporate drones don’t get it – they sell out”! Wasn’t Witchita in Kansas – once – or am I confusing that with the “Yellow Brick Road”?