Contributor - Accidents and Regulations

Contributor - Accidents and Regulations

Gordon Gilbert

AIN has confirmed that the Carlyle Group, a Washington-based global private equity firm, is one of three bidders for Raytheon Aircraft. The other potential buyers are Cerberus Capital Management, a New York-headquartered investment firm, and Toronto, Canada, holding company Onex. All three are invested in aviation, but Carlyle has the most interests connected with business aviation: Landmark Aviation, comprising the former Garrett Aviation, FBO and maintenance chain Piedmont Hawthorne and completions firm Associated Air Center. Onex-owned Spirit AeroSystems is responsible for aircraft structures in virtually the entire Boeing line, and Cerberus Capital has among its companies ACE Aviation Holdings, the parent firm of Air Canada. Raytheon had unsuccessfully attempted to sell its Raytheon Aircraft division about four years ago, but analysts suspect that with the current high level of business aviation market activity, a healthier ledger of aircraft deliveries and the company’s finally achieving full certification of the Hawker 4000, potential buyers are more interested this time around.

Carlyle Group Confirmed Bidder for Raytheon Aircraft

AIN has confirmed that the Carlyle Group, a Washington-based global private equity firm, is one of three bidders for Raytheon Aircraft.

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