Beechcraft sold

Robert M. Gary wrote:
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.

It's a myth that any company is bought to simply liquidate it. Doesn't
happen. Never makes financial sense. What the buyer may do is sell the
units that are not core to the business. So take Raytheon as an
example. Is Beech a core business for them or does it simply drain
company resources?



The whole thing is sad. The fact that Piper beat Beech to announce a
jet tells you something.



Hello? Beech has had a jet for a long time. Or did you mean a newer
jet design?

Local radio announced today, Raytheon selling Beechcraft
Goldman-Sachs/ONEX group for about 3 billion dollars.

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.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

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

Greg Farris wrote:
In article ,
says...


That would be a pretty good bet.
Jim


Wouldn't be the first time. . .
Could be a pretty sad end for an aircraft that has, in some ways,
remained
the ultimate "pilot's airplane" for over 40 years now.

Yep, too bad they're still building 40 year old airplanes.
Yes my instructor and I where just finishing a flight in my 61 BE35 (getting
my IFR rating). He looks over at me and goes this plane still holds its own
against all the new planes. The biggest difference GPS. I would still rather
have an aluminum plane over a composite, an if it was an A36 I would say its
better than a Cirrus.


The only thing Beechcraft needs to do is lower the price on the Bonanza and
the Baron and they would sell a bunch of them.
I have had quite a few flight in a King Air lately and its a nice solid
plane and you really feel safe in it, but I personally would buy something
else. The gas and upkeep on that thing is crazy.

JMHO



-Robert

"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.

"Jay Honeck" wrote in message
ps.com...
Local radio announced today, Raytheon selling Beechcraft
Goldman-Sachs/ONEX group for about 3 billion dollars.

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.

Have you flown a Beechcraft. They are the nicest GA aircfaft flying.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

"karl gruber" wrote in message
...

" Yep, too bad they're still building 40 year old airplanes.

-Robert

Let's see.................name a NEW airplane you can fill all the tanks,
all 10 seats, 50 pounds of baggage for each PAX, and then go 5 hours at
310
Kts.

Karl
"Curator" N185KG


That seems to suggest that the King Air has some life remaining....

Peter

"karl gruber" wrote in message
...

" Yep, too bad they're still building 40 year old airplanes.

-Robert

Let's see.................name a NEW airplane you can fill all the tanks,
all 10 seats, 50 pounds of baggage for each PAX, and then go 5 hours at
310 Kts.

Karl
"Curator" N185KG
And as far as that goes, try to find a NEW airplane that will carry more,
further, faster, and into more un-improved strips than the 54 year old
Cessna Skywagon. Nada!

The Cirrus is nice, but it's kind of a "girly man" airplane.(With respects
to Arnold!)

Karl

In article ,
says...



"Jim Macklin" wrote in message
...
Local radio announced today, Raytheon selling Beechcraft
Goldman-Sachs/ONEX group for about 3 billion dollars.




Isint Raytheon in the middle of a strike right now????


Isn't Goldman Sachs' CEO the guy who was awarded a $53M year-end bonus
yesterday?

Newps writes:

You're an idiot.

It would be nice if I were.

Why would someone spend all that money to liquidate
the company?

First you milk the company for all its worth, then you carefully cut
it into pieces and sell it for prices that give you a substantial
return on your initial investment. That's the way holding companies
work.

Rest assured, companies like this care absolutely nothing about
aviation or the actual work of any of their acquisitions. All they
care about is money. If their acquisition doesn't make lots of money
quickly, they'll dump it, usually in chunks.

The reason for this is that investment companies want high, short-term
returns. They don't care about the survival of a company or the
services or products it provides. Very often, the goal of short-term
profits conflicts with the goal of long-term prosperity and survival
and public service, and so the company is destroyed.

They've already spent many, many times what the company
assets are worth buying it.

Wait and see. I hope you're right, as I'd hate to see this company
disappear.

--
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Robert M. Gary writes:

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.

It may just be a pricing and marketing issue. Several of the aircraft
Beech produces are just as viable today as they were 40 years ago.
Not everyone wants a jet. Aviation is safety-oriented, and being
conservative is very safe. You may not have all the bells and
whistles, but you know exactly what you have, and what it can and
cannot do. Just look at the ancient engine designs in use--they are
probably inferior to modern engines, but they are a known quantity,
whereas introducing something completely new is risky in a domain
where a failure can easily kill people.

I rather like the idea of something so stable that it can continue for
decades and still fulfill its purpose admirably. I wish some other
domains (such as computers) were that way. It's simpler and more
economical.

--
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