Beechcraft

Textron Completes Acquisition of Pipistrel

Retrieved on: 
Monday, April 18, 2022
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Textron Inc. (NYSE: TXT) today announced that it has closed its acquisition of PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o.

Key Points: 
  • Textron Inc. (NYSE: TXT) today announced that it has closed its acquisition of PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o.
  • and PIPISTREL ITALIA S.R.L., known collectively as Pipistrel, an award-winning pioneer and global leader in electrically powered aircraft.
  • Pipistrel will remain a distinct aviation brand within Textron, alongside the companys already established Cessna, Beechcraft, and Bell brands.
  • Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems.

Alpine Air Express, a Portfolio Company of AE Industrial Partners, Acquires Suburban Air Freight, Inc.

Retrieved on: 
Monday, April 18, 2022
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PROVO, Utah, April 18, 2022 /PRNewswire/ -- Alpine Air Express, Inc. ("Alpine" or "the Company"), a leading regional air cargo carrier providing critical air infrastructure supporting a wide range of integrated logistics operations throughout North America, announced that it has acquired Suburban Air Freight Inc. ("Suburban").

Key Points: 
  • PROVO, Utah, April 18, 2022 /PRNewswire/ -- Alpine Air Express, Inc. ("Alpine" or "the Company"), a leading regional air cargo carrier providing critical air infrastructure supporting a wide range of integrated logistics operations throughout North America, announced that it has acquired Suburban Air Freight Inc. ("Suburban").
  • Headquartered in Provo, Utah, Alpine is a leading Part-135 air cargo operator with a long and distinguished history of providing its customers with safe and reliable air cargo transportation services.
  • Founded in 1984 and headquartered in Omaha, NE, Suburban is a Part-135 regional air cargo carrier providing dedicated air cargo services to DHL and other leading customers.
  • "Suburban is a leading regional air cargo carrier with a reputation for quality service and safety," said Michael Dancy, CEO of Alpine Air.

Textron Aviation announces order from flyExclusive for up to 30 Cessna Citation CJ3+ light jets

Retrieved on: 
Wednesday, April 6, 2022
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Textron Aviation today announced it has entered into a purchase agreement with Exclusive Jets, LLC, operating as flyExclusive , for up to 30 Cessna Citation CJ3+ jets.

Key Points: 
  • Textron Aviation today announced it has entered into a purchase agreement with Exclusive Jets, LLC, operating as flyExclusive , for up to 30 Cessna Citation CJ3+ jets.
  • (Photo: Business Wire)
    Cessna Citation jets are designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company.
  • We appreciate customers like flyExclusive, who see the value in operating a broad range of jets from the Citation family.
  • The company operates a fleet of Cessna Citation jets including Citation X, Citation Sovereign, Citation Excel/ XLS, Citation CJ3 and Citation Encore aircraft models.

Textron to Release First Quarter Results on April 28, 2022

Retrieved on: 
Monday, March 28, 2022
Automotive Manufacturing, Aerospace, Manufacturing, Professional Services, Other Energy, Other Defense, Defense, Insurance, Energy, Finance, Chemicals, Plastics, Textron, NYSE, Cessna, Access code, Beechcraft, Aircraft, Arctic Cat, Inc., Webcast, Bell, Internet service provider, Hawker

Textron Inc. (NYSE: TXT) will release its first quarter 2022 financial results on Thursday morning, April 28, 2022.

Key Points: 
  • Textron Inc. (NYSE: TXT) will release its first quarter 2022 financial results on Thursday morning, April 28, 2022.
  • Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the companys outlook.
  • In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Thursday, April 28, 2022 by dialing (402) 970-0847; Access Code: 5894411.
  • Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems.

Textron to Acquire Electric Aircraft Pioneer Pipistrel

Retrieved on: 
Thursday, March 17, 2022
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(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    With Textron, Pipistrel will have access to greater resources, technical and regulatory expertise and a global aircraft sales and support network, enabling it to accelerate its development and certification of electric and hybrid electric aircraft.
  • Upon closing of the transaction, Textron plans to form a new business segment, Textron eAviation, focused on the development of sustainable aircraft, which will include Pipistrel.
  • Pipistrel has been celebrated as one of the worlds most important and successful manufacturers of electric aircraft, continued Donnelly.
  • This achievement followed a series of electric aircraft introductions since the company began research and development of electric propulsion in 2000.

Ameriflight Components and Exchanges Buys Major Aircraft Inventory

Retrieved on: 
Wednesday, March 16, 2022
Other Manufacturing, Other Transport, Engineering, Logistics, Supply Chain Management, Air, Aerospace, Transport, Manufacturing, ILS, Acquisition, LLC, Interest, Beechcraft, Sale, Growth, Aviation, Component, Beechcraft 1900, LinkedIn, Retail, Online shopping, Ameriflight

Ameriflight Components and Exchanges, the newly established parts and trading business of Ameriflight, LLC, announced today the procurement of a large Beechcraft 1900 inventory.

Key Points: 
  • Ameriflight Components and Exchanges, the newly established parts and trading business of Ameriflight, LLC, announced today the procurement of a large Beechcraft 1900 inventory.
  • This inventory listing is familiar to us; we have experience successfully selling and buying Beechcraft parts, so this was a great fit, said Ameriflight Components and Exchanges General Manager Dawn Deitmen.
  • Securing this transaction is another example of growth for Ameriflight Components and Exchanges, said Ameriflight Chief Executive Officer Paul Chase.
  • About Ameriflight Components and Exchanges:
    Ameriflight Components and Exchanges is an aircraft parts provider supporting the aviation needs of operators globally.

The Next Big Thing in Flight Has Arrived – Cessna SkyCourier Twin Utility Turboprop Earns FAA Type Certification

Retrieved on: 
Monday, March 14, 2022
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Textron Aviation today announced the Federal Aviation Administration has granted type certification for the new twin-engine, large-utility turboprop Cessna SkyCourier .

Key Points: 
  • Textron Aviation today announced the Federal Aviation Administration has granted type certification for the new twin-engine, large-utility turboprop Cessna SkyCourier .
  • View the full release here: https://www.businesswire.com/news/home/20220311005268/en/
    Textron Aviation's new twin-engine, large-utility turboprop Cessna SkyCourier has received type certification from the FAA.
  • (Photo: Business Wire)
    The Cessna SkyCourier is designed and produced by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company.
  • Three SkyCourier aircraft accumulated more than 2,100 hours throughout the flight test program, which formally started with an inaugural flight in May 2020.

Wheels Up Adds Aviation Veteran Dave Holtz as Chairman of Operations

Retrieved on: 
Thursday, March 10, 2022
Safety, Industry, Business, Friends, Partnership, Travel, Aviation, Multimedia, Aircraft, NYSE, News, Beechcraft, Wheel, Wheels Up, Delta Air Lines, Delta, Airline, Management, Operation

NEW YORK, March 10, 2022 /PRNewswire/ -- Wheels Up Experience (NYSE: UP) today announced that long-time Delta Air Lines senior executive Dave Holtz has joined the company as its Chairman of Operations.

Key Points: 
  • NEW YORK, March 10, 2022 /PRNewswire/ -- Wheels Up Experience (NYSE: UP) today announced that long-time Delta Air Lines senior executive Dave Holtz has joined the company as its Chairman of Operations.
  • In this newly created role, Holtz will spearhead the creation of an industry-leading Member and Operations Center that will deliver best-in-class service for Wheels Up members and customers.
  • He will report to Wheels Up President Vinayak Hegde and partner with Chief Operating Officer Tom Bergeson in building sustainable operational excellence at Wheels Up.
  • "As Wheels Up continues to see record demand, our focus on our members and our overall operations is more important than ever.

Wheels Up Announces Dwight James to Join Board of Directors

Retrieved on: 
Monday, February 28, 2022
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James is expected to stand for election to a full term on the Board at the company's Annual Meeting of Shareholders later this year.

Key Points: 
  • James is expected to stand for election to a full term on the Board at the company's Annual Meeting of Shareholders later this year.
  • "We are delighted to add someone with Dwight's extensive global aviation background to our Board of Directors," said Wheels Up Chairman and CEO Kenneth Dichter.
  • I'd also like to thank Eric for his time, energy and service to the Board and Wheels Up.
  • James also serves on the Board of Directors of Floor & Dcor (NYSE: FND), a leading multi-channel specialty retailer of hard surface flooring and related accessories.

Textron Elects Richard F. Ambrose to Board of Directors

Retrieved on: 
Wednesday, February 23, 2022
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Textron Inc. (NYSE: TXT) announced that Richard F. Ambrose has been elected to the company's Board of Directors, effective April 1, 2022.

Key Points: 
  • Textron Inc. (NYSE: TXT) announced that Richard F. Ambrose has been elected to the company's Board of Directors, effective April 1, 2022.
  • View the full release here: https://www.businesswire.com/news/home/20220223005955/en/
    "We are extremely pleased to welcome Richard Ambrose to our Board," said Textron Chairman and CEO Scott Donnelly.
  • "Richards extensive experience in the aerospace and defense industry and with U.S. Government defense programs will be invaluable to Textron," Donnelly added.
  • Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat and Textron Systems.