HR 360 Summary

• AVIC International's purchase of Continental Motors saves more than 400 industrial jobs for residents of Mobile, Alabama, with potential for job expansion.

• The sale strengthens Mobile's role as an international business community and port.

• Both United States and Chinese governments thoroughly reviewed and approved the transaction, including approval from the Securities and Exchange Commission and the Committee on Foreign Investment in the United States.

• The House of Representatives commends AVIC International's purchase of Continental Motors and expresses support for the company's continued success in serving the small aircraft engines market.

• A copy of the resolution will be sent to the company conveying the Legislature's best wishes for the future.