This is going to save thousands of US jobs though. Funnily enough, I live fairly close to one of their UK plants - It's responsible for European sales and European maintenance.
It's unfortunate that they are going bankrupt, but you can either lose them entirely, or lose just a bit of them. They'll no doubt remain just as "American". After all, the Chinese want that quality (as that's why they're buying it). They'll just be the ones with the money.
Big problem with that is the Chinese are notorious for copying people. So my fear at least is that they will copy all the Hawker Beechcraft stuff then burn the company. It is no secret the Chinese are pulling out all the stops trying to build up their buiz and private aviation markets. Im still expecting them to copy and burn Cirrus.
That said, it is also a sign of the times. For myself there is an element of pride. So yes it is good the plants are staying open, but it is still a slap in the face. Our economy has seen a tremendous amount of outsourcing already. My state, Michigan, got hit extremely hard by this due to the auto companies moving production lines else where. I personally know a lot of people that lost their jobs because of Chinese, Mexican, or Indian involvement in the company. So we really do not react well to a foreign country buying another one of our companies.
You have to remember in the States being American through and through and being made in America is a big deal for a manufacturer.