Beechcraft For Sale: Report (Updated)
Bloomberg is reporting that Beechcraft is for sale again and that Cessna might be one of the interested parties. Bloomberg quotes unnamed sources and Beechcraft spokeswoman Nicole Alexander said the company does "not comment on market rumors or speculation about the company." The Bloomberg story says Credit Suisse Group AG is actively shopping the storied Wichita planemaker around on behalf of its owners and the price could be in the $1.5 billion range. Beechcraft restructured less than a year ago from the bankrupt Hawker Beechcraft and with its fresh financial perspective might be an attractive acquisition for an established company, turbine aircraft analyst Richard Aboulafia told Bloomberg.
“You get military trainers, you get the world’s most popular turboprop aircraft,” Aboulafia is quoted by Bloomberg as saying. He was referring to the T-6 trainer that is in widespread use by air forces all over the world and the King Air, which is the company's best-selling aircraft. As part of the restructuring, Beechcraft shed its former Hawker jet line and has been looking for a buyer.