Beechcraft Corporation will sell off the jets the company once made as the former Hawker Beechcraft by mid-year. Dow Jones Business News had a report on the possible sale last month. The last time the jets were almost sold, the interested parties, according to the Dow report, were: Textron (parent company of Cessna), Mahindra and Mahindra of India, Embraer of Brazil, New United of China, and Carlyle Group, an investment company. There are new parties interested, the Dow report indicates.
Posts Tagged ‘business jets’
Sure, Hawker Beechcraft is emerging from bankruptcy, but the magazine Corporate Jet Investor says that isn’t the end of the drama. Next stop? A bidding war for the jet assets. Alasdair Whyte of the magazine says in a personal newsletter that bidders ought to step up, now that Beechcraft (the new name) is rising from the depths. The magazine has previously speculated on who the bidders might be. In that article, the contestants listed are: Mahindra & Mahindra, India’s largest auto maker and supplier of components to Boeing and Gulfstream; Nextant/Directional Capital which already offers the Hawker 400XP aircraft; AVIC, known as China Aviation Industry Corporation (AVIC) that has joint ventures with both Embraer and Cessna and owns Cirrus Aircraft; Xi’an Aircraft International that acquired Austrian composite parts maker FACC in 2009; Hunan Boyun that makes carbon-fiber auto and aircraft parts; and BAE Systems that just might want its own commercial aircraft business.