Chinese Investment Company Looks To Acquire 100 Percent Of The Company

ONE Aviation, a U.S.-based aircraft manufacturer of very light jets, has obtained clearance from the Committee on Foreign Investment in the United States (CFIUS) for its 100% acquisition by Citiking International US LLC (Citiking), a Chinese-controlled investment company. Citiking will acquire ONE Aviation from Chapter 11 bankruptcy and will support its operations post-bankruptcy.

This clearance was the third CFIUS clearance in only a two-week period that the law firm Paul Hastings LLC has facilitated on behalf of its clients, two of which involved Chinese-owned acquirers.

The Paul Hastings CFIUS team was led by partners Scott Flicker and Robert Silvers, senior associate Randall Johnston, and associates Quinn Dang, Holly Flynn, and Surur Yonce. Flicker is Chair of both the Firm’s Washington, D.C. office and the Firm’s Trade Controls practice. Silvers is a former Assistant Secretary of Homeland Security and was directly involved in CFIUS’s most consequential decisions while serving during the Obama administration.

Paul Hastings is at the top of the market in providing CFIUS advice to clients at all stages of the CFIUS process—from providing practical advice on CFIUS risk and deal structure at the beginning stages of a transaction to negotiating for approval and mitigation agreements with the U.S. government for highly complex and sensitive deals.

(Source: Paul Hastings LLC news release. Image from file)

FMI: www.paulhastings.com