Good News For Textron: Milestone In Chinese Joint Venture Could Be Turning Point For Company
- Textron Aviation assembly facilities in China are completed.
- These are part of a Joint Venture with Chinese CAIGA to assemble Cessna Citation and Caravan aircraft in China.
- Textron Aviation will increase revenue and possibly return to previous profit levels after difficult years since the financial crisis started.
- Although CAIGA is a potential competitor it is likely to become Textron's partner.