Hawker Beechcraft in talks with Chinese manufacturer

Posted 9 July 2012 · Add Comment

Bankrupt business aircraft manufacturer Hawker Beechcraft is reportedly in exclusive talks with Chinese manufacturer, Superior Aviation Beijing Company, to sell the company.

According to Reuters news agency, the sale figure could be in the region of $1.79 billion.

Reuters said Superior will also make payments to Hawker over the next six weeks to support its jet operations, under the terms of the exclusivity agreement.

The agency also reported that any sale will not include Hawker's defense business, which would remain a separate entity.

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