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News Summary: Industrialist behind Hawker bid

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News Summary: Industrialist behind Hawker bid
Submitted by Fox First at Ten on July 13th

By The Associated Press

HELICOPTER KING: The so-called "Helicopter King of China," Shenzong Cheng, has built a small aviation empire. The Chinese industrialist wants to add aircraft-maker Hawker Beechcraft's civilian aircraft operations to it.

THE PLAYERS: Superior Aviation Beijing Co. Ltd. Is bidding for Hawker Beechcraft, which is in bankruptcy protection. Superior is 60 percent owned by an entity owned by Cheng and his wife.

U.S. CONNECTIONS: Cheng is chairman of Qingdao Haili Helicopter Co. Ltd. He also is chairman of Weifang Tianxiang Aviation Technology Co. Ltd. That company is in a joint venture with U.S. helicopter manufacturer Brantly International Ltd., of Coppell, Texas.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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