Cirrus aircraft soon to be owned by a Chinese company?

Cirrus put out a press release today stating they've entered into a merger agreement with  China Aviation Industry General Aircraft Co. Ltd. (CAIGA). This will eventually lead to a 'purchase' of Cirrus once approved by the regulatory authorities in the US and China.  Both of the companies executives kept emphasizing the growth and expansion of Cirrus' US employee and facility base; however, if this will hold true will be seen over time. Many companies make the same claims as the jobs and production eventually move overseas.

For more on this, see my article in examiner.com. 

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