Glasair, which sells a popular line of homebuilt aircraft and offers the "two weeks to taxi" option at its Washington factory, announced on Saturday that it has been acquired by Jilin Hanxing Group, based in China. Fang Tieji, chairman of the company, has formed Glasair Aviation USA LLC. The new owners plan to invest "substantially" in Glasair's existing product lines, starting with certifying the Sportsman design, according to the company's news release. "There are no plans to relocate or terminate any existing Glasair Aviation employees," according to the company statement. "Mr. Fang plans to retain Glasair's U.S. headquarters, management team and employees."
This is a companion discussion topic for the original entry at https://www.avweb.com/news/glasair-sold-to-chinese-company