21 December 2013
Cessna owner Textron has confirmed that it will buy Beechcraft for $1.4b. Textron will be buying the King Air line, the Texan II, the Bonanza and Barons and presumably any work that’s been done on the single engine turboprop that Beechcraft has been talking about.
It will also acquire the type certificates for Beech jets.
Textron Chairman and CEO Scott C. Donnelly said, “The acquisition of Beechcraft is a tremendous opportunity to extend our general aviation business… From our customers’ perspective, this creates a broader selection of aircraft and a larger service footprint— all sharing the same high standards of quality and innovation. The iconic King Air product line perfectly complements our Caravan and Citation jet line-up and our combined global service network will deliver the superior level of services expected by our Cessna, Beechcraft and Hawker customers.”
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