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Cessna partnership will build Caravans in China

30-11-2012

As part of a growing joint venture, a Chinese company will assemble Caravan turboprops for Cessna’s Chinese customers. The China Aviation Industry General Aircraft Co. will do all final assembly on the China-bound Caravans, though Cessna will continue to manufacture many of the plane’s parts in Wichita. CAIGA and Cessna previously agreed to make the company’s Citation XLS+ line of business jets in China for customers there. CAIGA has been rapidly expanding its aviation portfolio, including the $210 million purchase of Minnesota-based Cirrus Aircraft last year.

http://www.equities.com/news/headline-story?dt=2012-11-28&val=760268&cat=industrial

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