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Monday, March 17, 2014

Textron Merges Cessna and Beechcraft

T-6A Texan IITextron has completed its acquisition of Beechcraft by merging it with Cessna to form Textron Aviation, with the two brands to be retained.

In an announcement released on Friday, Textron Chairman Scott Donnelly said the successful merger created a powerful player in general aviation.

“Today’s announcement is a historic milestone for the aviation industry, and I congratulate the management teams of Beechcraft and Cessna for quickly bringing the merger to fruition,” he said.

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