A Chinese aerospace firm is in exclusive talks to buy bankrupt US aircraft maker Hawker Beechcraft.
Superior Aviation Beijing has offered $1.8bn (£1.2bn) to buy the company and to fund its operations for the next six weeks.
However, the deal is not final and is subject to a legal and regulatory review in both the US and China.
If completed, the deal would exclude Hawker Beechcraft's defence unit due to concerns about national security risks.
Hawker Beechcraft, which filed for Chapter 11 bankruptcy in May, is still subject to an auction process and may receive more bids for its assets.
The US private jet-maker is owned by Goldman Sach's private equity arm and Onex Corp.
Source & Image : BBC
No comments:
Post a Comment