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Cessna / Textron Flies Away With Beechcraft for $1.4B
Cessna parent Textron (TXT) has reportedly forged a deal to acquire luxury plane maker Beechcraft for nearly $1.4 billion. News of the transaction sent shares of Textron surging 11% on heavy volume Friday afternoon. (www.foxbusiness.com) Mehr...
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I personally expect to see the Beech Jet line to disappear just to wipe out a competitor to the Citation line, which will probably be expanded. Beech will continue with the King Air line and the other successful AGA lines. That's just me and an opinion.
Does this mean my ride will now be called a Cessna G58?
Cool. Maybe they can build a fast Beechcraft now. Lol
The journalists who reported that a Cessna had crashed after the Beechcraft crash were accidently correct but didn't know it yet.
Update; http://www.bizjournals.com/wichita/blog/2013/12/report-beechcraft-sold-to-textron.html?ana=twt
Report: Cessna Owner Textron Flies Away With Beechcraft for $1.4B
Cessna parent Textron (TXT) has reportedly forged a deal to acquire luxury plane maker Beechcraft for nearly $1.4 billion.
http://www.ft.com/cms/s/0/59b141b0-69a5-11e3-aba3-00144feabdc0.html