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#31
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Newps writes:
It's a myth that any company is bought to simply liquidate it. It happens every day. Companies like Onex just want to make money. They don't care how they do it. They have no personal attachment to their acquisitions. Either those acquisition start to generate high returns over the short term, or they are taken apart and sold. Never makes financial sense. Unfortunately it often does. It just doesn't make any other kind of sense. But money is often all that matters. What the buyer may do is sell the units that are not core to the business. That's just a euphemism for what really happens. -- Transpose mxsmanic and gmail to reach me by e-mail. |
#32
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Aluckyguess writes:
I dont know if you had your choice would you take a new A36 or a SR22. I know I would take the A36. So would I. The A36 is a known quantity, the SR22 is not. I don't like to bet my life on unknowns. -- Transpose mxsmanic and gmail to reach me by e-mail. |
#33
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Robert M. Gary writes:
I've long come to the conclusion that most everyone who invests in GA is not doing it for money. It just almost never makes any business sense. Probably, but the companies doing the buying in this case are well known for their interest in money, and money alone, which is worrisome. I look at all the times Mooney has been sold. Someone bought them. Yes, they make a fabulous product but what information do they have that would suggest it would ever be profitable. Who has bought Mooney over the years? -- Transpose mxsmanic and gmail to reach me by e-mail. |
#34
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Have you flown a Beechcraft. They are the nicest GA aircfaft flying.
I've flown a Bonanza and a Baron. Very nice planes, indeed, but stupidly over-priced. And (IMHO) the Light Sport Aircraft "CT" handles even better, for 1/7th the cost, and the Cirrus SR-22 is better still. Beech is a grand old name, and I will hate to see it go away -- but they've been like a grand old uncle with Alzheimer's Disease. They've been dead in every way for years, except in body. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#35
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Beech had jets 40 years ago with their importing Hawkers
from England. Then they bought the Mitsubishi Diamond and moved production to Kansas. Then they bought the Hawker company line of jets. They built the Premier One and that was long before bankrupt Piper thought of a VLJ. Beech may survive now that Raytheon is out. Raytheon was more concerned with major defense contracts and recreational boating. "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 | |
#36
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#37
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Jay Honeck wrote:
I wish it weren't true, but you know Beech has outlived its usefulness when my response to this sale is a lackadaisical yawn. They have come up with precisely zero new ideas since the StarShip, over 20 years ago, and -- their contributions to aviation history notwithstanding -- if Beech went out of business tomorrow, it would mean...nothing. IMO, Beech has been irrelevant to aviation for at least ten years -- almost as long as I've been a pilot. I normally agree with you Jay, but this is probably the most shortsighted thing I've ever heard you say in this forum. I flew a 20 year old A36 recently and all I can say is the only thing wrong with that airplane was the lack of glass (which they've solved in the G36), a tendency to dutch roll in turbulence (easily correctable by the use of a yaw damper) and the price for new copies. If I had the coin, I'd buy a G36 or Baron over the new plastic airplanes, and a King Air over a VLJ any day -- even if it cost me more to buy and to operate on a long-term basis. They're that good. As an instructor, I get to fly a lot of different airplanes and talk to a lot of owners. I'm convinced that the only people who hate Beech airplanes are those who haven't flown them. -Doug -------------------- Doug Vetter, ATP/CFI http://www.dvatp.com -------------------- |
#38
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As an instructor, I get to fly a lot of different airplanes and talk to
a lot of owners. I'm convinced that the only people who hate Beech airplanes are those who haven't flown them. I didn't say I hated Beech -- far from it. Although none of their birds fits my current mission, which requires lots of economical lifting capacity and a wide CG range -- I would LOVE to own a Bonanza some day. What I said was that they have become irrelevant. They sell a tiny number of aircraft each year (thanks to their outrageous pricing), and the last new aircraft design to come out of Beech was....what? I can't think of anything new since the Starship debacle of the early 1980s. Since that occurred right after I graduated from college -- and I'm now 48 years old -- I think I'm safe in saying that Beech has become irrelevant to aviation. If they went away tomorrow, we would all shed a tear for the Beech line -- but it would have zero impact on general aviation. The same cannot be said, for example, of Cessna, Piper, Cirrus or Columbia. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#39
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![]() "Jay Honeck" wrote: Have you flown a Beechcraft. They are the nicest GA aircfaft flying. I've flown a Bonanza and a Baron. Very nice planes, indeed, but stupidly over-priced. And (IMHO) the Light Sport Aircraft "CT" handles even better, for 1/7th the cost, and the Cirrus SR-22 is better still. You've gotta be kidding. A Cirrus flies better than a Bo'? No way. The Bo' is the sweetest-flying thing I've ever flown. The Cirrus is nice, but nothing special. -- Dan C172RG at BFM |
#40
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![]() "Jay Honeck" wrote in message ps.com... Have you flown a Beechcraft. They are the nicest GA aircfaft flying. I've flown a Bonanza and a Baron. Very nice planes, indeed, but stupidly over-priced. And (IMHO) the Light Sport Aircraft "CT" handles even better, for 1/7th the cost, and the Cirrus SR-22 is better still. Jay, Wangle a flight in a Columbia 400! Do it now! (We'll wait for you to get back to your computer...) -- Matt --------------------- Matthew W. Barrow Site-Fill Homes, LLC. Montrose, CO (MTJ) |
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