GD Completes Hawker Pacific Acquisition

General Dynamics’ Jet Aviation subsidiary has completed the purchase of Australian aerospace company Hawker Pacific, it was announced on 2 May. The purchase of the company through General Dynamics’ Swiss subsidiary was first announced on 12 April. The purchase was valued at USD250 million. Hawker Pacific was previously majority-owned by Chinese...

General Dynamics’ Jet Aviation subsidiary has completed the purchase of Australian aerospace company Hawker Pacific, it was announced on 2 May.

The purchase of the company through General Dynamics’ Swiss subsidiary was first announced on 12 April. The purchase was valued at USD250 million.

Hawker Pacific was previously majority-owned by Chinese conglomerate HNA Group, which acquired a 65.8% shareholding in the company in September 2014.

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Source: www.janes.com