Client Alert

| November 18, 2011

China Aircraft Manufacturing Investment an Indicator of CFIUS Screening Policy

Earlier this year, China Aviation Industry General Aircraft (“CAIGA”), a Chinese government controlled supplier of civil aircraft, acquired US aviation manufacturer Cirrus Industries, Inc. (“Cirrus”). The US Committee on Foreign Investment in the United States cleared the transaction under the “Exon-Florio” statute, which generally authorizes the US President to block investment transactions that threaten the national security. Dewey & LeBouef represented CAIGA in connection with the CAIGA-Cirrus transaction.

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