Cirrus Acquired by Chinese Company

Its interesting that we refer to the Country of China (Peoples Republic.. whatever its called) as the owner of Cirrus. I know they are quasi-communist, but is the "Country of China" buying Cirrus, or is it simply a company which is headquartered in China? Honestly, I think its great that a foreign company can purchase companies based in the US. Its simply a free market economy at work... Am I wrong?

It would suck if they pulled Cirrus manufacturing completely out of the US, but I doubt that is going to happen. If it does, I doubt the company will last very long. Anyone know whats going on with the Cessna Skycatcher? Theyve been having major QC issues with the chinese firm that is manufacturing the airframes.
 
CAIGA is a subsidiary if AVIC which is state owned. So yes, China is buying Cirrus.

honestly if they keep the production in DLH, and keep the CTC and CSIP programs the way they are (or improve them) and finally put the capital into the jet that the current owners don't want to do, it might be a good thing.
 
SIUav8er said:
Its interesting that we refer to the Country of China (Peoples Republic.. whatever its called) as the owner of Cirrus. I know they are quasi-communist, but is the "Country of China" buying Cirrus, or is it simply a company which is headquartered in China? Honestly, I think its great that a foreign company can purchase companies based in the US. Its simply a free market economy at work... Am I wrong?

It would suck if they pulled Cirrus manufacturing completely out of the US, but I doubt that is going to happen. If it does, I doubt the company will last very long. Anyone know whats going on with the Cessna Skycatcher? Theyve been having major QC issues with the chinese firm that is manufacturing the airframes.
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The Groundcatcher? I'm sure it's all going to work out splendid.
 
HVYMETALDRVR said:
Our government should make a list of the top 1000 or American companies that are considered to be cornerstone and are "protected" and therefore cannot be bought by any overseas interest. The downside of this would be the bailout that would be needed in certain situations if they were about to go under, OTOH the jobs they provide and the tax dollars they pay are absolutely paramount to our country and its livelihood.
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Cornerstone...like maybe Chrysler (owned by the Guido's...formerly owned by the krauts for a time). Maybe Citibank (huge investor - other than the USA - is Saudi Arabian member of the royal family)? Who exactly is a "cornerstone"? There was a company by the mid-1970's that was among the biggest, most powerful companies on earth. Huge financial services division. Largest retailer in the world. Owned some of their own inventory manufacturers. Nothing could ever topple them EVAR!!1!!!

Except for a discount retailer that was headquartered and founded in a small town in Arkansas in the 1960's (a scant 10 years before). The two companies are Sears who was supplanted and dominated by Walmart as the worlds biggest retailer. Not many people remember but Sears was every bit the badass that Walmart has since become. So - who are the "cornerstones" and will they actually be viable in ten years? Or, will the creation of "cornerstone" companies actually prevent companies (like Walmart) that are more innovative and competent? And don't even go into "to big to fail".
 
WacoFan said:
Cornerstone...like maybe Chrysler (owned by the Guido's...formerly owned by the krauts for a time). Maybe Citibank (huge investor - other than the USA - is Saudi Arabian member of the royal family)? Who exactly is a "cornerstone"? There was a company by the mid-1970's that was among the biggest, most powerful companies on earth. Huge financial services division. Largest retailer in the world. Owned some of their own inventory manufacturers. Nothing could ever topple them EVAR!!1!!!

Except for a discount retailer that was headquartered and founded in a small town in Arkansas in the 1960's (a scant 10 years before). The two companies are Sears who was supplanted and dominated by Walmart as the worlds biggest retailer. Not many people remember but Sears was every bit the badass that Walmart has since become. So - who are the "cornerstones" and will they actually be viable in ten years? Or, will the creation of "cornerstone" companies actually prevent companies (like Walmart) that are more innovative and competent? And don't even go into "to big to fail".
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Well said, Jim.
 
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