Raytheon Sale?

[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.

 

[Publishers]

The question is what will happen with Flight Options in this deal.

 

[gunfyter]

I believe it will be up for sale... even as they try to shrink it out of existence.

 

[Swass]

Flight Options will stay