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Superior Aviation Beijing
Superior Aviation Beijing is a Chinese aircraft manufacturer. Superior was initially formed as Qingdao Haili Helicopter Co and Qingdao Brantly Investment Group, a private venture that purchased the Brantly International rights and tooling to manufacture a UAV in China. Superior Aviation was formed in 2010 with the purchase of the American aircraft part manufacturer, Superior Air Parts. It is 60% owned by Chairman Cheng Shenzong, and 40% owned by Beijing E-Town International Investment & Development Co., Ltd., an economic development agency of the Beijing municipal government. In July 2012, Superior entered a contract to takeover the assets of Hawker Beechcraft pending approval. The deal did not include the Hawker Beechcraft Defense Company subsidiary. On 18 October 2012 multiple sources reported that the negotiations for the takeover had failed. Euan Rocha and Stuart Grudgings writing for Reuters reported that the CEO of Hawker Beechcraft, Steve Miller, had attributed the f ...
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Beijing, China
} Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 million residents. It has an administrative area of , the third in the country after Guangzhou and Shanghai. It is located in Northern China, and is governed as a municipality under the direct administration of the State Council with 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province with the exception of neighboring Tianjin to the southeast; together, the three divisions form the Jingjinji megalopolis and the national capital region of China. Beijing is a global city and one of the world's leading centres for culture, diplomacy, politics, finance, bus ...
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Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Busi ...
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Manufacturing Companies Based In Beijing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. ...
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Aircraft Manufacturers Of China
An aircraft is a vehicle that is able to fly by gaining support from the air. It counters the force of gravity by using either static lift or by using the dynamic lift of an airfoil, or in a few cases the downward thrust from jet engines. Common examples of aircraft include airplanes, helicopters, airships (including blimps), gliders, paramotors, and hot air balloons. The human activity that surrounds aircraft is called ''aviation''. The science of aviation, including designing and building aircraft, is called ''aeronautics.'' Crewed aircraft are flown by an onboard pilot, but unmanned aerial vehicles may be remotely controlled or self-controlled by onboard computers. Aircraft may be classified by different criteria, such as lift type, aircraft propulsion, usage and others. History Flying model craft and stories of manned flight go back many centuries; however, the first manned ascent — and safe descent — in modern times took place by larger hot-air ball ...
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Textron
Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Arctic Cat, Bell Textron, Textron Aviation (which itself includes the Beechcraft, and Cessna brands), and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company. In 2020, Textron employed over 33,000 people in 25 different countries. The company ranked 265th on the 2021 ''Fortune'' 500 of the largest United States corporations by revenue. History Early history Textron started as a textile company in 1923, when 27-year-old Royal Little founded the Special Yarns Corporation in Boston, Massachusetts. The company manufactured synthetic yarns, a niche product at the time. By the start of World War II, the company was known as Atlantic Rayon Corporation and manufactured parachutes. As war production wound down, the company started making civilian products as well and was renamed Textron: “Tex" for "textiles" and "tron" from ...
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Textron Aviation
Textron Aviation Inc. is the general aviation business unit of the conglomerate Textron that was formed in March 2014 following the acquisition of Beech Holdings which included the Beechcraft and Hawker Aircraft businesses. The new business unit includes the Textron-owned Cessna. Textron Aviation sells Beechcraft and Cessna branded aircraft. While no longer selling new Hawker airplanes, Textron Aviation still supports the existing Hawker aircraft fleet through its service centers. The CEO of Cessna, Scott Ernest, was named as the first CEO of Textron Aviation Incorporated. In October 2018, Ronald Draper succeeded Ernest to become the second CEO of Textron Aviation. History Textron completed its purchase of Beech Holdings in March 2014 for approximately US$1.4 billion in cash. The parent company, Textron, financed the equity purchase and the repayment of Beechcraft's debt in cash, plus its issue of US$600 million in senior notes and a new US$500 million five-year term loan. Onc ...
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Steve Miller (business)
Robert Steven "Steve" Miller Jr. is an American businessman. He is chief executive officer of Hawker Beechcraft, non-executive chairman at American International Group and on the board of directors at Symantec. Life and career Early life Robert Miller holds an MBA from Stanford Graduate School of Business and an LLB from Harvard Law School. Career He began his career at Ford Motor Company in 1968 and worked for the company in various positions in the U.S., Mexico, Australia, and Venezuela. He was recruited to the Chrysler Corporation by Lee Iacocca in 1979. While with Chrysler in the 1980s, he was the executive in charge of arranging with hundreds of banks the U.S. Government insured program of loans that enabled Chrysler to avoid bankruptcy and become an industrial powerhouse under the leadership of Iacocca. Miller has also worked for Bethlehem Steel, Morrison-Knudson and Federal-Mogul. He became Chief Executive Officer of Delphi Corporation in July 2005 and was also Execu ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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Hawker Beechcraft
Hawker Beechcraft Corporation (HBC) was an American aerospace manufacturing company that built the Beechcraft and Hawker business jet lines of aircraft between 2006 and 2013. The company headquarters was in Wichita, Kansas, United States, with maintenance and manufacturing locations worldwide. The history of Hawker Beechcraft originated in 1994 when Raytheon merged its Beech Aircraft Corporation and Raytheon Corporate Jets units. In 2006, Raytheon sold the company to a consortium of Goldman Sachs and Onex Corporation. This deal left the company with a heavy burden of debt which it struggled to support from the economic crisis of 2008 onwards. In April 2012 it defaulted on interest payments and was in breach of banking covenants; this caused widespread speculation that it would enter bankruptcy. On May 3, 2012, the company entered bankruptcy, filing voluntary petitions under Chapter 11 in US Bankruptcy Court. The bankruptcy resulted in the company accepting an offer to be purch ...
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Beijing E-Town
Beijing E-Town is an economic development agency of the Beijing municipal government that traces its origins to 1994 when the Beijing government chartered an entity to help foster high tech manufacturing in Beijing. E-Town supports high-tech manufacturing by multiple means. When it was established, E-Town's responsibility was to operate the Beijing Economic-Technological Development Area (BDA) in Daxing district, an industrial park that accounts for much of the manufacturing in Beijing. E-Town would eventually go into investment management as a participant in buyer consortiums that acquired cross-border assets and in financial investments in private equity and venture capital funds. Beijing Economic-Technological Development Area E-Town is responsible for the Beijing Economic-Technological Development Area, a state-level industrial area located in the Daxing district that was chartered by the Beijing government in 1994. The industrial zone is one of the largest in the countr ...
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China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ...
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Qingdao Haili Helicopters
Qingdao Haili Helicopters is a Chinese aircraft manufacturer. The organization was formed in 2007 to acquire the American helicopter company Brantly International, and manufacture the Brantly B-2 series of helicopters. The company later developed an unmanned version of the Brantly design developed with Weifang Tianxiang Aerospace Industry that was first flown in 2011. In 2011, Superior Aviation Beijing Superior Aviation Beijing is a Chinese aircraft manufacturer. Superior was initially formed as Qingdao Haili Helicopter Co and Qingdao Brantly Investment Group, a private venture that purchased the Brantly International rights and tooling to ... was merged with Brantley. In 2012, the company suspended production of the B2-B due to poor export sales. Aircraft References {{Reflist Bibliography Brantly aircraft Helicopter manufacturers of China Manufacturing companies based in Qingdao Vehicle manufacturing companies established in 2007 Chinese brands ...
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