AN AIR TAXI KING AIR PLT RPTED AN NMAC AT NEW; LA.

Narrative

WE DEPARTED BFM AT XA40 ENRTE TO NEW. ONCE WITHIN 20 MI; APCH CTL RPTED TFC (A BONANZA) SAME DIRECTION AND AHEAD OF US; ALSO LNDG NEW. THIS TFC WAS RPTED ON SEVERAL OCCASIONS AND FINALLY WE WERE CLRED FOR THE VISUAL APCH TO RWY 36L WITHOUT HAVING THE BONANZA IN SIGHT. WHEN WE STARTED THE TURN TO FINAL (ABOUT 5 MI); WE GOT THE BONANZA IN SIGHT; ESTABLISHED ON FINAL FOR RWY 36R. ONCE ESTABLISHED ON FINAL FOR RWY 36L; AND DSNDING THROUGH ABOUT 800 FT MSL; THE SIC AND PNF SAID 'OH *#@$' AND WENT TO GRAB THE CTLS. I (THE PIC AND PF) ASKED 'WHAT; WHAT?' AND SAW THE OTHER PLT LOOKING AND MOTIONING TO THE ACFT AT OUR 10:30-11 O'CLOCK POS AND HIGH. I STOOPED DOWN IN THE SEAT SO AS TO BE ABLE TO SEE UP THROUGH THE WINDSHIELD AND SAW THE UNDERSIDE OF A BONANZA XING L TO R. I ESTIMATE THE DISTANCE AT 20 FT. IT APPEARED THE BONANZA HAD CROSSED THE FINAL FOR RWY 36L ON A L BASE FOR RWY 36R. THE BONANZA ROLLED OUT ON FINAL FOR RWY 36R DIRECTLY ABEAM US AND THEN APPEARED TO BE DRIFTING CLOSER TO US. AT THAT POINT I CALLED FOR AND BEGAN TO GO AROUND WITH A CLBING L TURN AND RETURN FOR LNDG. WE RPTED TO TWR THAT THERE HAD BEEN A NEAR MISS AND OVERHEARD THE TWR SAY TO THE BONANZA PLT 'I THOUGHT YOU SAID YOU HAD THE KING AIR IN SIGHT.' THE BONANZA PLT REPLIED 'NO; I SAID I DIDN'T HAVE IT IN SIGHT.'