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 |
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 Aviation Incorporated.[1][2]
History
Textron completed its purchase of Beech Holdings in March 2014 for approximately US$1.4 billion 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$500 million 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
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
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| Model name | Original first flight | Number built | Type |
|---|---|---|---|
| Cessna 172 | 1955 | 43,000 | light general aviation aircraft, 4-seat, 145-180 hp |
| Cessna 182 | 1956 | 23,237 | light general aviation aircraft, 4-seat, 227-235 hp |
| Cessna 206 | 1962 | 8509 | light general aviation aircraft, 6 seat |
| Cessna 208 Caravan | 1982 | 2500 | general aviation aircraft/commuter |
| Cessna TTx | 2004 | light general aviation aircraft, 4-seat, low-wing | |
| Cessna Citation Mustang | 2005 | 425 | general aviation very light jet aircraft |
| Cessna Citation M2 | 2012 | general aviation light jet aircraft | |
| Cessna CitationJet | 1991 | 400 | general aviation light jet aircraft |
| Cessna Citation Excel | 1996 | 575 | general aviation mid-size jet aircraft |
| Cessna Citation Sovereign | 2002 | 300 | general aviation mid-size jet aircraft |
| Cessna Citation Latitude | 2014 | general aviation mid-size jet aircraft | |
| Cessna Citation X | 1993 | 330 | general aviation long range mid-size jet aircraft |
| Beechcraft G36 Bonanza | 1945 | 17,000 | light general aviation aircraft, 6-seat |
| Beechcraft G58 Baron | 1960 | 6691 | light general aviation aircraft, twin piston |
| Beechcraft T-6 Texan II/AT-6 | 2000 | 850 | military training aircraft/light attack aircraft |
| Beechcraft King Air | 1963 | 3,100+ | light general aviation aircraft |
| Beechcraft Super King Air | 1972 | 3,550+ | light general aviation aircraft |
| Hawker 400XPR | 1978 | 700+ | general aviation small jet aircraft |
| Hawker 800XPR | 1983 | 650 | general aviation mid-size jet aircraft |