With Deal Done, Textron Aviation Absorbs Cessna and Beech

Textron closed its $1.4 billion acquisition of Beechcraft on March 14, bringing together Cessna Aircraft and Beechcraft to form Textron Aviation. Scott Ernest, Cessna’s president and CEO since 2011, was tapped to lead Textron Aviation as CEO. Meanwhile, Bill Boisture, chairman and CEO of Beechcraft since 2009, was omitted from the Textron Aviation senior leadership team and “is moving on to new opportunities,” a Textron spokesman told AIN.