Friday, March 23, 2012

Cessna to build business jets in China

(AP) BEIJING - Kansas-based business jet maker Cessna Aircraft Co. has signed agreements with Chinese partners to manufacture business jets in China and explore other aviation opportunities.

The company announced Friday it is joining with state-owned Aviation Industry Corp. of China and the municipal government of Chengdu.

The three hope to form a joint venture in the western China city to produce midsize Cessna business jets and possibly new models in the future.

China is seen as the most promising major market for the industry.

The owner of Cessna, Textron Inc. (TXT), says it expects significant growth in aviation in China.

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