July 8, 2013
Aero Business Group, a Wichita-based aviation consulting and sales representation firm, on Monday predicted possible new ownership of Beechcraft Corp. as soon as the end of the year.
That prediction was included in an ABG industry outlook that also, less surprisingly, predicted continued flat sales for Bombardier Learjet, Cessna Aircraft Co.
But it’s the notion of Beechcraft on the sales block that is the attention-grabber here.
The Wichita manufacturer has seemed as secure as it has been years, following its exit earlier this year from bankruptcy.
That move resulted in Beechcraft shuttering its line of Hawker business jets, denoted by its name change from Hawker Beechcraft Corp.
With a smaller, leaner business focused on its turboprop, piston engine, and military aircraft, Beechcraft’s profile has shifted from a company with a clouded future to one finally breaking above the clouds, as Beechcraft chairman Bill Boisture told me in April.
But ABG says it appears that acquisition — considered throughout the bankruptcy process — is still on the table, even for the stripped-down company.
“We believe that Beechcraft remains a candidate for acquisition by another aerospace firm before year’s end, based on sources we’ve found to be extremely accurate in the past,” ABG Principal Hunt Parker said in a press release.
While Beechcraft has been openly shopping the assets of its Hawker jet business, a company spokesperson didn’t immediately respond to questions about whether the rest of the company might still be on the market.
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