Raytheon Travel Air mum on effects of September 11
As of press time, Raytheon Aircraft (RAC) chose not to comment on the effect on its Travel Air fractional-ownership program from the aftermath of the September 11 terrorist attacks. A company spokesman did say that RAC had decided not to participate in the rescheduled NBAA Convention to be held in New Orleans on December 12, 13 and 14.
According to the RAC Web site, Travel Air currently operates 104 aircraft with more than 740 fractional owners. The fleet consists of King Air B200s, Beechjet 400As, Hawker 800XPs and Bombardier Challenger 601s. All but the last are built by RAC. It is expected that the recently certified Premier I and the developmental Hawker Horizon and Hawker 450 will also join the ranks of Travel Air offerings.
The Travel Air program has on order 45 King Airs, 60 Beechjet 400As, 58 Hawker 800XPs, 71 Premier Is, 50 Hawker 450s (with options for 25 more) and 27 Hawker Horizons. Those 236 aircraft are valued at an estimated $2.3 billion. Travel Air currently averages 170 flights per day and employs more than 700, including 500 pilots. The Travel Air program registered $300 million in sales last year. Raytheon Aircraft as a whole had revenues of $3.2 billion.