Kejie has advised Superior Aviation Beijing Co., Ltd. (“Superior Beijing”) on its proposal to acquire 100% equity of reorganized Hawker Beechcraft, Inc. (“HBI”) and its subsidiaries for US$1.79 billion (the “Proposed Transaction”).

Hawker Beechcraft is a world-leading manufacturer of business, special-mission, trainer and light attack aircraft – designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company’s headquarters and major facilities are located in Wichita, Kansas, with operations in Little Rock, Arkansas; Chester, England, U.K.; and Chihuahua, Mexico, and a global network of more than 100 factory-owned and authorized service centers. The current product lineup of business aircraft of Hawker Beechcraft includes Hawker 4000, Hawker 900XP, Hawker 200, Beechcraft King Air 350i, Beechcraft King Air 250, Beechcarft Baron G58 and Beechcarft Bonanza G36.

On March 26, 2007, certain equity funds affiliated with Goldman and Onex (a private equity investment firm in Canada) acquired Hawker Beechcraft from Raytheon for total consideration of approximately US$3.2 billion.

On May 3, 2012, HBI and its 17 affiliated companies filed a voluntary petition for bankruptcy protection under chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) and entered bankruptcy protection.

Superior Beijing and HBI have entered into an Exclusivity Agreement dated June 6, 2012, which grant Superior Beijing a 45-day exclusive period. During the exclusive period, Superior Beijing and HBI will negotiate definitive documentation of the Proposed Transaction. After signing the definitive documentation, the Proposed Transaction is still subject to the approval of the Bankruptcy Court, the biding and auction procedures under the Bankruptcy Court and relevant government reviews and approvals from both the PRC and the United States (including the national security review of the Committee on Foreign Investment in the United States).

Kejie team was led by partner He Jie and included Cao Lei, Zhang Fang, Chen Guangyao, He Yong and Bi Yi.