Investors buying Sino Swearingen
New investors are acquiring control of Sino Swearingen Aircraft and finalizing plans to resume production of the SJ30-2 business twinjet. 
/

New investors are acquiring control of Sino Swearingen Aircraft and finalizing plans to resume production of the SJ30-2 business twinjet. 

Sino Swearingen’s current owner, the government of Taiwan, will retain a minority stake in the company. Terms of the deal were not disclosed, but a company spokesman characterized the amount of the investment as “substantial” and “sufficient to restart production.”  He also said that the new investors–London-based Action Aviation and Brentwood, Calif.-based ACQ Capital–had acquired “considerably more than” 51 percent of the company. The transaction is expected to close next month, but the investors are putting funds into the company now.

Loading…