Saturday, March 24, 2012

Obama's War On Private Aviation Pays Off

In the latest sign of China's rising importance in the global aviation industry, Cessna Aircraft Co. said it would develop a plan to build business jets with the state-owned Aviation Industry Corp. of China.

The announcement paves the way for Cessna of Wichita, Kan., to become the first U.S. aircraft maker to manufacture business jets in China, the fastest-growing market for the multimillion-dollar planes.

"We believe China represents a significant opportunity for growth," said Scott Donnelly, chief executive of Cessna's parent company, U.S. conglomerate
Textron Inc., at a signing ceremony Friday at the Great Hall of the People in Beijing.


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