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Chinese AVIC purchases US private aircraft maker

Minneapolis, Usa - The transaction would allow to bid on American defense contracts

A unit of China Aviation Industry Corp., a state-run company behind China's stealth fighter, agreed to buy Minnesota-based private-aircraft maker Cirrus Industries Inc.—a small deal that highlights the expanding ambition of China's aerospace industry. Terms weren't disclosed. Even though the use of such aircraft (four-seat propeller) is limited in China and most of its airports lack facilities t...

AVIONEWS - World Aeronautical Press Agency - 1126542
Rome, Italy, 03/04/2011 15:36
AVIONEWS - World Aeronautical Press Agency

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