Raytheon Sale?

[400A]

Coment = C O M M E N T

again

 

[smellthejeta]

I heard the Honda rumor. Latest one I heard is that Carlyle Group (owner of Landmark Aviation) bought RAC.

The logo rumor is true. People have been running around looking at how much it would cost to replace the logos.

Yes, insurance plans got changed. The weird thing is, they got changed for the better. Can you believe that?

Word is that the "official" announcement will be made Nov 15.

But, as is anything with aviation, I don't believe anything until the paycheck clears the bank or my butt is sitting in the seat.

 

[400A]

I heard the Honda rumor. Latest one I heard is that Carlyle Group (owner of Landmark Aviation) bought RAC.

The logo rumor is true. People have been running around looking at how much it would cost to replace the logos.

Yes, insurance plans got changed. The weird thing is, they got changed for the better. Can you believe that?

Word is that the "official" announcement will be made Nov 15.

But, as is anything with aviation, I don't believe anything until the paycheck clears the bank or my butt is sitting in the seat.

I had heard the Landmark one as well, but assumed it would have been the RAS side.

I have now heard that the announcement will be made December 15.

 

[smellthejeta]

I had heard the Landmark one as well, but assumed it would have been the RAS side.

I have now heard that the announcement will be made December 15.

Thanks. I typod the "Nov 15." Shoulda been Dec. The rumor I hear is that RAC/RAS is going to the chop shop and get parceled out. I wonder what Carlyle's Master Plan is.

The company spin doctors claim that they would make an announcement when they "knew something" but due to insider trading issues, they can't say anything company wide unless they say something publicly as well.

 

[Tgaug6300]

Why would anyone want to take on that much debt? Whoever buys it must have a great business plan in mind.

 

[400A]

Why would anyone want to take on that much debt? Whoever buys it must have a great business plan in mind.

RAC has been profitable the last few years from what I was told.

 

[smellthejeta]

RAC has been profitable the last few years from what I was told.

Yes, it has. I think that's why momma Raytheon wanted to get rid of it while the getting was good.

 

[mzaharis]

Here's some more news.

http://www.aero-news.net/index.cfm?ContentBlockID=973d0833-5108-416b-945a-743e152df0af&

 

[cjdriver]

Implications for Flight Options?

 

[400A]

Implications for Flight Options?

I dont know, I am guessing the whole mess might meet the chop shop.

 

[SabreFlyR]

I dont know, I am guessing the whole mess might meet the chop shop.

I was in Houston this past Monday, they didn't have any solid info but they have heard Toyota was the buyer. Guess we'll see in a couple weeks.

 

[alvin]

I had heard the Landmark one as well, but assumed it would have been the RAS side.

I have now heard that the announcement will be made December 15.

Carlyle also owns Vought aircraft....

 

[Publishers]

There were three potential buyers in AIN news..... Carlyle was one and the other two were investment banker as well.

 

[cjdriver]

[FONT=HELVETICA,ARIAL]Raytheon Aircraft may have a new owner soon[/FONT]

The four-year effort by Raytheon to sell its aircraft division may be coming to an end based on a report in The Wichita Eagle and other publications. The newspaper reported that Onex Corporation, The Carlyle Group, and Cerberus Capital Management are interested in acquiring the company. The asking price is reportedly $3 billion, although some think Raytheon might accept $2.5 billion, and a Canadian newspaper named a still lower price of $1.9 billion. No matter which one gets it, analysts are suggesting this is not the end of the search for a home for Raytheon Aircraft. The present bidders may try to boost profits and resell in as little as three years. How would the new owner do that? Present workers have expressed concern about layoffs in speculation on The Wichita Eagle's Web site, but aircraft owners are wondering whether the present piston-engine models would continue. Tom Turner, speaking for himself rather than the American Bonanza Society where he is manager of technical services, thinks the Bonanza and Baron will continue in production if the new owners elect to continue the King Air C90 line, because the piston airplanes feed prospective owners to the smaller, owner-flown King Airs.

 

[cjdriver]

I dont know, I am guessing the whole mess might meet the chop shop.

Man you nailed that one.