UK firm invests in Sino Swearingen
Production activity at San Antonio-based jet developer Sino Swearingen Aircraft has not yet picked up since the company announced at the NBAA Convention th

Production activity at San Antonio-based jet developer Sino Swearingen Aircraft has not yet picked up since the company announced at the NBAA Convention that it has secured new investors. Owned primarily by the Taiwanese government, Sino Swearingen has delivered just two SJ30s since the airplane received FAA type certification two years ago; the latest delivery occurred at the NBAA show in Atlanta in September. At NBAA, Action Aviation Investors (AAI) announced that it is planning to buy a controlling interest in Sino Swearingen and provide funds to help the company ramp up SJ30 production to meet an order backlog of 274 airplanes.

AAI is a joint venture between real-estate investment firm ACQ Capital and Action Aviation, a UK-based SJ30 distributor chaired by Hamish Harding, buyer of the second SJ30 delivered at the NBAA Convention.