Beechcraft Corp. Announces First Year Success as Standalone Company

Beechcraft Corp. announced this week a 64 percent increase in 2013 aircraft deliveries with a total of 205 commercial Beechcraft products delivered during the 2013 year.  This is compared to 125 in 2012.

The King Air line, which rose from 89 in 2012, to 135 in 2013 – a 52 percent increase year over year, heavily supported that number. The totals break out as follows:

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.

Among the 2013 highlights for the new Beechcraft Corporation:

• The largest general aviation propeller aircraft order in history, valued at up to $1.4 billion to deliver up to 105 King Air 350i aircraft to Wheels Up
• 60 million flight hours exceeded on the worldwide fleet of King Air turboprops, by far leading all business aircraft fleets
• The company concluded the year with the announcement that Textron Inc. (NYSE: TXT) has agreed to acquire Beechcraft. The transaction is expected to close during the first half of 2014, subject to customary closing conditions including regulatory approvals.