Hawker Sells Out to China

Hawker Beechcraft intends to sell off its business and general aviation and customer support businesses to China’s Superior Aviation Beijing under a potential $1.79 billion deal. The Wichita, Kan.-based manufacturer entered an exclusivity agreement with Superior as part of an ongoing review of strategic options, and says it “decided to proceed with Superior after determining that its proposal would create the greatest value for the company and position it for long-term growth.”...