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...

[brianw999]

Nothing is certain where the Chinese are concerned. This from Wikipedia concerning the sale of the Rover motor group. Cynics suggested at the time that the Chinese could only improve the brand !!...

MG Rover production ceased on 15 April 2005, when it was declared insolvent. On 22 July 2005, the physical assets of the collapsed firm were sold to the Nanjing Automobile Group for £53m. They indicated that their preliminary plans involved relocating the Powertrain engine plant to China while splitting car production into Rover lines in China and resumed MG lines in the West Midlands (though not necessarily at Longbridge), where a UK R&D and technical facility would also be developed.
On 30 May 2007, Nanjing Automobile Group claimed to have restarted production of MG TF sports cars in the Longbridge plant, with sales expected to begin in the autumn.
Shanghai Automotive Industry Corporation (SAIC), who held the intellectual property of Rover 75 car design (bought for £67m before MG Rover collapsed) and was also bidding for MG Rover, announced their own version of the Rover 75 in late 2006. In July 2006, SAIC announced their intent to buy the Rover brand name from BMW, who still owned the rights to the Rover marque.^[5] However, BMW refused their request, due to an agreement that Ford had reached with them to be given first option on the brand when it acquired Land Rover. Unable to use the Rover name, SAIC created their own brand with a similar name and badge, known as Roewe. Roewe was eventually launched in early 2007.

[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....

[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.