Thread: Beechcraft sold
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Old December 22nd 06, 02:34 AM posted to rec.aviation.piloting
Aluckyguess
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Default Beechcraft sold


"Robert M. Gary" wrote in message
ups.com...

Newps wrote:
Mxsmanic wrote:


The objective is probably to dismantle and liquidate the company.


You're an idiot. Why would someone spend all that money to liquidate
the company? They've already spent many, many times what the company
assets are worth buying it.


I don't know that to be true, is it? How many times earnings did it
sell for? Does anyone know earnings? Perhaps they were bought for the
dividend value of parts.

The whole thing is sad. The fact that Piper beat Beech to announce a
jet tells you something. With the King Air line up, it would have been
a shoe in to get attention by offering a jet. I tend to agree with
others that its likely too late at this point. Probably just another
example of a company that found a winning formula 30 years ago and
never had the courage to change with the times. We see it all the time,
companies run into the ground because they are afraid of change.

-Robert


I dont know if you had your choice would you take a new A36 or a SR22. I
know I would take the A36.
The planes are not outdated the outdating is the price. Maybe the new
company can fix that.