In one of the biggest consolidations in the business aviation industry since Bombardier Aerospace combined Canadair, Learjet, de Havilland and Short Brothers in the late 1980s/early 1990s, Cessna Aircraft parent Textron announced on December 26 that it will acquire Beech Holdings LLC, the parent of Beechcraft Corp., for approximately $1.4 billion in cash. The deal is expected to close by the middle of this year.
The Royal New Zealand Air Force (RNZAF) selected Beechcraft to provide a new pilot training system. The service will acquire 11 T-6C Texan II turboprops. Beechcraft’s local partner, Safe Air, together with CAE, will provide the rest of the “comprehensive” package.
Scott Donnelly, chairman, president and CEO of Cessna Aircraft parent company Textron, said his company’s acquisition of Beechcraft has received “overwhelmingly positive” feedback from both Cessna and Beechcraft customers. The deal, announced December 26, is expected to close by the middle of this year.
Beechcraft celebrated the 50th anniversary of the first flight of the King Air 90 prototype yesterday with three-aircraft formation fly-bys of the company’s current-production King Airs–the C90GTx, 250 and 350i–over its home base at Beech Field in Wichita. The King Air is the best-selling business aircraft in the world, with nearly 7,200 delivered and more than 60 million flight hours logged worldwide.
Business aircraft remanufacturer Nextant Aerospace appointed JetHQ as its exclusive sales agent for Saudi Arabia, the UAE, Turkey and Lebanon. These countries represent some of the most active private aviation markets in the Middle East, Nextant said. JetHQ and its Dubai-based managing director, Garett Jerde, will play a “key role” in expanding Nextant’s sales, marketing and customer service strategy in the region, it said. JetHQ has brokered a variety of business aircraft in the region, including those from Beechcraft, Hawker, Bombardier, Gulfstream and AgustaWestland.
Cutter Aviation’s Phoenix facility has been selected by Beechcraft as an authorized service center (ASC) for the Beechjet/Hawker 400XP series. Cutter became an ASC for the King Air turboprop line and Beechcraft’s piston-powered Bonanza and Baron earlier this year. Cutter also holds ASC status for the Baron and Bonanza in Addison, Texas, and for the King Airs and piston aircraft at its Albuquerque, N.M. facility. Beechcraft is supporting its jet lines, even though they are out of production.
The FAA has proposed levying a $304,000 civil penalty against Cheyenne, Wyo.-based Great Lakes Aviation for allegedly conducting 19 flights following improper application of de-icing fluid. The FAA maintains that Great Lakes flew Beech 1900Ds out of Hays, Kan., in January 2011 with de-icing fluid that exceeded the maximum temperature of 180 degrees F. The Great Lakes de-icing manual states that fluid heated to more than 180 degrees could damage the aircraft or the de-icer.
Great Lakes had 30 days from receipt of the FAA’s December 2 enforcement letter to respond to the agency.
Demand at Beechcraft for special-mission variants of the King Air is growing at a rate the Wichita OEM finds at least gratifying and at most downright exciting.
Beechcraft announced that Textron has agreed to acquire Beech Holdings, the parent of Beechcraft Corp., for approximately $1.4 billion in cash. Under the terms of the transaction, Textron will acquire the Hawker 4000 and Premier IA type certificates.
Textron and Beechcraft Corp. announced late yesterday that Textron has agreed to acquire Beech Holdings, LLC, the parent of Beechcraft Corp., for approximately $1.4 billion in cash. This confirms rumors swirling over the past few months.