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.
Beechcraft recently certified a range of wireless in-flight connectivity equipment to fit low- and high-occupancy aircraft and has begun installations.
ATG 2000, a new Aircell equipment package that provides Gogo Biz Internet and voice service, is available with certified Wi-Fi as an upgrade through Hawker Beechcraft Services (HBS) for most Beechcraft and Hawker aircraft.
The company’s XPR program provides performance upgrades for Hawker 400 and 800 series jets, with options for new avionics and upgraded engines. Purchase of an already upgraded Hawker 400XPR or 800XPR, at around half the price of a similar new aircraft, is another option for cost-conscious buyers.
The fallout of the Hawker Beechcraft bankruptcy continues to settle as Little Rock (Ark.) Bill and Hillary Clinton National Airport prepares to seek a new tenant for the former Wichita OEM’s completion and MRO facilities. The Little Rock facility was shut down by the former Hawker Beechcraft (now Beechcraft) earlier this year as part of a decision to exit the business of building business jets.
For the first time since the used jet market began to unravel, inventory sits below the level of October 2008. Year-over-year for the past four years, more inventory has been departing the market than has been arriving onto the market and this year could prove a continuation of that trend, with inventory already below last year’s 12-month moving average as the market enters what is historically the most active quarter for aircraft sales.
Beechcraft and its aftermarket service and support organization, Hawker Beechcraft Global Customer Support, appointed Air Service Basel in Switzerland as an authorized service center for the company’s King Air series. The designation allows the facility to provide King Air line and base maintenance. The company, which began operations in 1967, is an FBO, as well as an EASA- and FAA-approved maintenance organization and repair station at Euroairport Basel-Mulhouse in Switzerland.
Marshall Aerospace and Defence Group acquired Beechcraft’s flagship European MRO business, Hawker Beechcraft Limited, on September 2. Located at Broughton in the UK’s northwest corner, the facility was also known as Hawker Beechcraft Services Chester and has provided maintenance, modification, paint and upgrade services to Hawker and Beechcraft owners for more than 50 years.
Marshall Aerospace announced yesterday that it purchased Beechcraft’s flagship European maintenance, repair and overhaul (MRO) business, Hawker Beechcraft Ltd. The facilities were also known as Hawker Beechcraft Services Chester and had provided a full range of Hawker and Beechcraft maintenance, modification, paint and upgrade services for more than 50 years.
Hawker Beechcraft Global Customer Support (GCS) has expanded upon its preferred fleet maintenance support agreement with Travel Management. “Our agreement with TMC has been in place since January of this year and has been an absolute success. In fact, it’s working so well that we are expanding our relationship,” said Christi Tannahill, senior vice president of Global Customer Support. “We’re proud to have earned the opportunity to be TMC’s preferred installation provider for Aircell’s Gogo Biz high-speed Internet service.”