What Happened
Legislation Seeks Review Of Foreign Acquisitions In General Aviation
A new bill introduced in the US House of Representatives seeks to reopen the review of past acquisitions of American general aviation companies by entities from China and other countries of concern. The legislation, known as the General Aviation Protection Act, or GAP Act, would expand the authority of the Committee on Foreign Investment in the United States to examine foreign investment in aircraft manufacturers, engine producers, avionics companies, and some flight-training organizations. The bill’s primary target appears to be Cirrus Aircraft, which was acquired by China Aviation Industry General Aircraft in 2011. According to AeroTime, the legislation would require a comprehensive review of previously completed transactions and could result in a recommendation for divestiture.