“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Raytheon Aircraft Sold, but a Hawker Is Still a Hawker
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.