SAN ANTONIO (AP) – Aircraft manufacturer Sino Swearingen Aircraft Corp. will build a $20 million facility at the San Antonio International Airport and create 850 new jobs in the area over the next decade.
Another $50 million in investment will come from parts, equipment and inventory that will be housed at the 220,000-square foot manufacturing and assembly facility, according to Ramiro Cavazos, San Antonio's economic development director.
Sino Swearingen, based in San Antonio, developed the SJ30-2, a $6.19 million business jet that seats seven people and travels at 560 mph.
Sino Swearingen Chairman and CEO Ching-Chiang Kuo said he hopes the first plane will be delivered next month as it moves from research and development to mass production.
Sino Swearingen already has several facilities and 469 employees in San Antonio. Its nearly 12-acre site at the airport will grow to about 37 acres when the project is finished at the end of 2007.
By 2010, Kuo said the facility will be rolling out 100 planes a year.
The company received a $2.5 million enterprise grant from the state.
