Textron Aviation

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Textron Aviation
Industry Aerospace
Founded 2014
Headquarters Wichita, Kansas, United States
Key people
CEO: Scott Ernest (2014)
Products General aviation and military aircraft
Brands:
Beechcraft
Cessna
Hawker
Revenue US$4.6B (Cessna and Beechcraft combined, 2013)
Owner Textron
Website www.textronaviation.com

Textron Aviation is the general aviation business unit of the American Textron group formed in March 2014 following the acquisition of Beech Holdings which included the Beechcraft and Hawker aircraft businesses. The new business unit includes the Textron-owned Cessna. Textron Aviation will sell Beechcraft, Cessna, and Hawker branded aircraft under common management.[1][2]

The CEO of Cessna, Scott Ernest, was named as the first CEO of Textron Aircraft.[1][2]

History[edit]

Textron completed its purchase of Beech Holdings in March 2014 for approximately US$1.4B in cash. The parent company, Textron, financed the equity purchase and the repayment of Beechcraft's debt in cash, plus its issue of US$600 million in senior notes and a new US$500M five-year term loan.[1][2]

Once the purchase was completed on March 14, 2014, Textron combined Beechcraft with its existing Cessna subsidiary to form Textron Aviation and brought all production under the new company name. The old companies become brands of the new company due to their historical significance and name recognition.[1][2]

Products[edit]

Textron Aviation's various lines of aircraft, including the Cessna single engined piston and turboprop aircraft and jets, Beechcraft piston and turboprops and Hawker jets are seen by the company as complimentary to each other and not as competitors. Textron Aviation will also produce the Beechcraft T-6 Texan II trainer and AT-6 light attack variant. The company has over 250,000 existing aircraft in the fleet for which it will provide aircraft parts and engineering support.[1][2]

Aircraft[edit]

Beechcraft AT-6 light attack aircraft
Summary of aircraft built by Textron Aviation
Model name Original first flight Number built Type
Cessna 172 1955 light general aviation aircraft
Cessna 182 1956 light general aviation aircraft
Cessna 206 1962 light general aviation aircraft
Cessna 208 Caravan 1982 light general aviation aircraft
Cessna 400 2004 light general aviation aircraft
Cessna Citation Mustang 2005 general aviation jet aircraft
Cessna CitationJet 1991 general aviation jet aircraft
Cessna Citation Excel 1996 general aviation jet aircraft
Cessna Citation Sovereign 2002 general aviation jet aircraft
Cessna Citation X 1993 general aviation jet aircraft
Beechcraft G36 Bonanza 1945 light general aviation aircraft
Beechcraft G58 Baron 1960 light general aviation aircraft
Beechcraft T-6 Texan II 2000 military training aircraft
Beechcraft AT-6 2009 light attack aircraft
Beechcraft King Air 1963 light general aviation aircraft
Beechcraft Super King Air 1972 light general aviation aircraft
Hawker 400XPR 1978 general aviation jet aircraft
Hawker 800XPR 1983 general aviation jet aircraft

References[edit]

  1. ^ a b c d e "Textron Completes Acquisition of Beechcraft". Textron. 14 March 2014. 
  2. ^ a b c d e Durden, Rick (14 March 2014). "Beech and Cessna to Become Textron Aviation". AVweb. Retrieved 15 March 2014. 

External links[edit]