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.
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.
Hawker Beechcraft emerged from bankruptcy in February, restructured and rebranded as Beechcraft (Booth 7060), and the message it brings to EBACE is that it has refocused on the business of building and selling airplanes, and servicing and supporting what it builds.
Beechcraft has two “significant” elements to its show presence here. The stand in the main hall, said executive v-p of sales and marketing Shawn Vick, “is branded universally as Beechcraft and we are represented there by members of our African, European and Middle East teams.”