Beechcraft is now Chinese !!

[AVION1]

Hawker Beechcraft was purchased by a chinese company
http://www.usatoday.com/money/indust...ina/56120442/1

[Gabriel]

I know not every Chinese product is top quality.
But isn't it too much to post this news in the aviation SAFETY forum?

[Highkeas]

Originally Posted by AVION1

Hawker Beechcraft was purchased by a chinese company
.................

Not a done deal yet - approvals by regulators and the bankrupcy court are still required - and I expect this might become a political issue (if regulators approve then would "outsourcing" backfire on Obama?)

[Gabriel]

Originally Posted by Highkeas

Not a done deal yet - approvals by regulators and the bankrupcy court are still required - and I expect this might become a political issue (if regulators approve then would "outsourcing" backfire on Obama?)

That Chinese capitals buy an American company doesn't mean that they are outsourcing anything. On the other hand, it could very well mean foreign investments in the USA. Production and jobs can be kept American, like another chinese company made with Cirrus.

What will go out is dividends.

[Eric Diffoot]

Not really a safety discussion forum topic, but i digress.

Just like the Cirrus deal, wouldnt be surprised to see some political coverage on this, but at least the company stays in the US.

[AVION1]

Every time I export something, I have to comply with the Export Regulations, for example: not to export technology or software to countries in the "black list".

I guess China found a loophole in our export laws, they just come a buy a Company, engineers and technology included. What is next? Boeing? Microsoft? United Technologies?

[TeeVee]

Originally Posted by AVION1

Every time I export something, I have to comply with the Export Regulations, for example: not to export technology or software to countries in the "black list".

I guess China found a loophole in our export laws, they just come a buy a Company, engineers and technology included. What is next? Boeing? Microsoft? United Technologies?

the DoD...

[CathayPacific]

Originally Posted by AVION1

Every time I export something, I have to comply with the Export Regulations, for example: not to export technology or software to countries in the "black list".

I guess China found a loophole in our export laws, they just come a buy a Company, engineers and technology included. What is next? Boeing? Microsoft? United Technologies?

First, The deal requires regulatory approval. Second, Beechcraft does not manufacture any advanced military (or even advanced civilian) aircraft and avionics that are really sensitive. Indigenous Chinese technologies are already way beyond what Beechcraft does.

Talking about engineers... Many American and European tech firms, including Microsoft, IBM, Nokia and Oracle, already run large R&D offices in China and India. India is no longer the "call centre" location. And China is no longer the "OEM" manufacturing base. They still do those, but they do a lot more than those now. I have a few friends working in Microsoft in Beijing. They are not local sales people. They are software engineers writing program code for Microsoft enterprise and consumer software. Parts of a few piece of Microsoft software that you are using now at home and at work could well possibly be developed in MSFT's Beijing office.

Originally Posted by Highkeas

Together with intellectual property.

I don't think there are a lot of IP that Chinese is interested about from Beechcraft. If we are talking about Boeing or Honeywell or Lockheed, then yes, not Beechcraft or Cessna.

Originally Posted by TeeVee

the DoD...

The DoD may not have been sold, but it has been financed by Japan, China, Korea, Singapore, Taiwan, HongKong and increasingly Russia, India and Brazil, since the 1980s.

Originally Posted by SYDCBRWOD

Won't be long before the west will be streaming in to China and India to do janitorial jobs, flip burgers....

This won't happen unless Americans and Europeans stop innovating.

If a company is failing, there is no point keeping it. Let it go. If someone wants to pay to buy a piece of garbage, sell it to them. If they can make that garbage work and turn them to gold, good for them. Put your resources in those companies that will spear ahead the next wave of innovation and value creation.

[Highkeas]

Originally Posted by Gabriel

........................
What will go out is dividends.

Together with intellectual property.

[TeeVee]

well why not? we've been giving our best kept secrets to the chinese since the clinton era coffee table deals.

[SYDCBRWOD]

Happening all over the place. Our one (small) aviation success story - Gippsland Aero was snavelled by the Indian company Mahindra.

Won't be long before the west will be streaming in to China and India to do janitorial jobs, flip burgers....