The company that produces Cessna and Hawker aircraft completed its purchase of Beechcraft Corporation Friday, consolidating three of the largest general aviation companies in the country under one roof.
Providence, RI-based Textron Inc. announced Friday the completion of the $1.4 billion sale it initiated in December 2013. The new company will combine its Cessna, Hawker, and Beechcraft businesses under the name Textron Aviation.
The company says the sale impacts more than 250,000 aircraft customers worldwide, including: Citation and Hawker business jets; King Air twin-engine turboprops; Caravan single-engine utility turboprops; several piston-engine aircraft under the Cessna and Beechcraft names; and the Beechcraft T-6 trainer and AT-6 light attack aircraft.
All aircraft impacted by the sale are fixed-wing aircraft, but the Textron Aviation parent company Textron Inc also owns Bell Helicopter.
According to the General Aviation Manufactures Association, as of 2012 Alaska had 8,399 aircraft, of which 5,703 were considered active.
Representatives at both Cessna and Beechcraft were unavailable Friday to say how many aircraft in Alaska would be affected by the sale.
Hawker-Beechcraft went into bankruptcy in 2012. Beechcraft emerged from that bankruptcy in 2013.
Scott Ernest, Cessna’s President and CEO since 2011, will lead Textron Aviation, the company reported.