Beechcraft reports strong finish to 2013

By: KAKE News - Email
By: KAKE News - Email

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WICHITA, Kan. — Beechcraft Corporation announced today announced their 4th quarter and year-end deliveries, which was a sharp increase over the previous year.

Last year the company saw a 64 percent increase in deliveries with 205 commercial Beechcraft products delivered, compared to 125 in 2012. In the fourth quarter alone, the company delivered 72 products compared to the fourth quarter of 2012, which had 48 deliveries.

“The Beechcraft team worked collectively to put this company in a strong position in 2013, which began with a solid first quarter and momentum that continued throughout the year,” said Bill Boisture, CEO. “In addition to the impressive full-year delivery numbers, we saw our highest booking rates in years and had solid revenue from servicing Hawker and Beechcraft aircraft in both the commercial and military segments. It’s safe to call our first year as a standalone company a success.”

Another Beechcraft highlight of 2013 was the largest general aviation propeller aircraft order in history. The deal involved the sale of 105 King Air 350i aircraft to company Wheels Up, and was valued up to $1.4 billion.

Beechcraft emerged from bankruptcy early last year. Textron, parent company of Cessna, also announced a deal in December to purchase the company. That deal is expected to close later this year.


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