While the economic outlook for general aviation manufacturers in the United States looks bleak, China's Aviation Industry Corporation is looking for opportunities to buy up foreign general aviation manufacturers. While the economic crisis in the United States and Western Europe continues to deepen.
While China is looking to acquire foreign manufacturers they have not released information about what countries they are looking to acquire companies from, nor what kind of manufacturers they are interested in. Given the fact that China has been purchasing US Treasury notes they have a lot of cash to spread around, and with the current credit crunch in the United States I am sure there are some real bargains to be had in the general aviation manufacturing sector.
With Chinese astronauts and commercial aircraft being built and sold in China combined with it's vast population and desire to build 500 new airports over the next five years general aviation could become a boom business in China. Perhaps those of us in aviation should start learning Chinese if we want to work in aviation, eh?
Until next time keep your wings straight and level Hersch!
Oh, I have slipped the surly bonds of earth,
And danced the skies on laughter-silvered wings;
Sunward I've climbed, and joined the tumbling mirth
Of sun-split clouds...and done a hundred things
You have not dreamed of...wheeled and soared and swung
High in the sunlit silence. Hov'ring there,
I've chased the shouting wind along, and flung
My eager craft through footless halls of air.
Up, up, the long, delirious burning blue
I've topped the windswept heights with easy grace
Where never lark, nor even eagle flew.
And while with silent, lifting mind I've trod
The high untrespassed sanctity of space...
...put out my hand, and touched the face of God.
by John Gillespie Magee, Jr.