Liberty To Announce China Deal
It may have been born in the U.S.A. but you’ll soon find Liberty in China. Reuters is reporting that Liberty Aerospace has reached a deal with a Chinese company (half owned by the Chinese government) to build its XL-2 two-place touring aircraft for use in China. Anyang Angel Aero Science and Technology Development Co. Ltd. will build the airframes for the aircraft at a new $300 million plant it will build at an undisclosed location. Engines and avionics will come from the U.S. It's expected that most of the aircraft will be used by flight schools in China. There’s no mention of the effect of the China deal on Liberty’s operations in Melbourne, Fla. The announcement comes on the heels of Cessna’s announcement that it will build its Light Sport training aircraft, the 162 Skycatcher, in China, which has some parallels to the Liberty deal. It too is an airframe-only arrangement, with engine and avionics being shipped from the U.S.