King Air, Big Customer Base Were Main Drivers in Cessna Parent Textron’s Beechcraft Buy
Textron cited the solid performance of Beechcraft's King Air line as a driver behind its acquisition of the recently restructured company.
Textron cited the solid performance of Beechcraft's King Air line as a driver behind its acquisition of the recently restructured company.

In one of the biggest consolidations in the business aviation industry since Bombardier Aerospace combined Canadair, Learjet, de Havilland and Short Brothers in the late 1980s/early 1990s, Cessna Aircraft parent Textron announced on December 26 that it will acquire Beech Holdings LLC, the parent of Beechcraft Corp., for approximately $1.4 billion in cash. The deal is expected to close by the middle of this year.