Raytheon Aircraft Sold, but a Hawker Is Still a Hawker

Business Jet Traveler » February 2007
Thursday, February 1, 2007 - 4:00am

Raytheon Company last month announced a $3.3 billion "definitive agreement" that will result in the sale of Raytheon Aircraft to Onex Partners of Toronto and GS Capital Partners, an affiliate of New York-based Goldman Sachs. The acquisition will operate as Hawker Beechcraft Corp., and the deal includes Raytheon Aircraft assets in Wichita and Salina, Kan.; Little Rock, Ark.; and Dallas, as well as its FBOs and service center network in Mexico, the U.S. and the UK. Not included in the sale is Raytheon's Flight Options fractional-ownership program and Raytheon Airline Aviation Services, which supports the fleet of Beech airliners no longer in production. The sale is expected to close within six months.

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““When I made the film The Invention of Lying, they gave me a private jet for getting back and forth between New York and London. I thought, ‘I will never use it’ but I ended up using it every weekend. You turn up, right, and the airport is completely empty. I mean, there’s just someone at the desk and then the pilot, who says, ‘Are you ready to go?’ and you say, ‘Don’t you want to see my passport?’ and he goes, ‘Oh yeah, I suppose I’d better.’” ”

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