Sunday, October 27, 2013

Mahindra & Mahindra to buy Beechcraft's Hawker 4000 and Premier business jet assets?

Beechcraft Corp. is in exclusive negotiations with a potential buyer for its Hawker 4000 and Premier business jet assets, which includes the company’s Plant 3 composite manufacturing facility, Beechcraft CEO Bill Boisture said last week.
The potential buyer has plans for the Plant 3 facility, Boisture said during an interview at the National Business Aviation Association’s annual convention in Las Vegas.
“They’re intending to go into the composite component manufacturing business,” Boisture said. “That’s a very positive thing.”
Wichita has a workforce that understands that capability, he said. “There’s reason to believe they could be very successful,” Boisture said.
A sale includes the type certificates, tooling and intellectual property of the Hawker 4000 and Premier lines along with Plant 3 and its equipment.
Beechcraft is “dangerously” close to closing a deal, Boisture said at a news conference at its static display last week at the Henderson Executive Airport.
Bloomberg, quoting unnamed sources, said last week that possible buyers include Brazil’s Embraer, India’s Mahindra & Mahindra and Cessna’s parent company, Textron.
26/10/13 Molly McMillin/The Wichita Eagle
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