Shocker! American Sport Aviation Icon, Glasair, Sold To Chinese Buyer | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 07.25.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.25.14 **
** Airborne 07.23.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.23.14 **
** Airborne 07.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.21.14 **

Sat, Jul 21, 2012

Shocker! American Sport Aviation Icon, Glasair, Sold To Chinese Buyer

Glasair Aviation Acquired by Mr. Fang Tieji, Chairman of Jilin Hanxing Group

We've heard this story before.... but yet again, another (once) uniquely-American aviation success story is about to be a foreign-owned company.

Glasair Aviation LLC (Glasair), and Mr. Fang Tieji, Chairman of Jilin Hanxing Group co., Ltd., have announced that Mr. Fang has acquired Glasair's kit-aircraft manufacturing assets. Glasair Aviation manufactures the very popular Glasair, Glastar and Sportsman lines of personal aircraft, having delivered approximately 3,000 planes which are being built and/or flown all over the world. 

Mr. Fang has formed Glasair Aviation USA LLC as the new operating entity for Glasair's product lines and plans to invest substantially in Glasair's existing product lines, starting with certifying the popular Sportsman design. In addition, Mr. Fang plans to substantially grow Glasair Aviation USA by acquiring and consolidating additional airframe designs and other aviation related companies. 

There are no plans to relocate or terminate any existing Glasair Aviation employees.  Mr. Fang plans to retain Glasair's U.S. headquarters, management team and employees. ANN will have more information on this development shortly...

FMI: www.glasairaviation.com

 


Advertisement

More News

Opening Day Is Just Moments Away

AirVenture Is Coming To Life At Wittman Regional Airport There was a high overcast over Wittman Regional Airport Saturday afternoon, and a breeze from west was threatening to bring>[...]

AOPA Exits EFB Market

Apps Will Transition To Outside Company AOPA is exiting the electronic flight bag (EFB) market, and the association’s existing products, the FlyQ EFB iPad application and rel>[...]

Aero-News: Quote Of The Day (07.27.14)

"The AEA is thrilled to debut this year's Pilot's Guide to Avionics at AirVenture, and our staff looks forward to giving complimentary copies to all the pilots and aircraft owners >[...]

Polk County FL Sheriff Takes Delivery Of Second MD500E

New Helicopter To Increase Support, Safety And Effectiveness Of Law Enforcement Missions MD Helicopters held a ceremonial delivery of a new MD 500E helicopter for the Polk County, >[...]

New Edition Of AEA's Pilot's Guide To Avionics Available At Oshkosh

Free Distribution Begins At AirVenture Published annually by the Aircraft Electronics Association, the 2014-15 edition of the Pilot's Guide to Avionics will be unveiled with free d>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC