Posted on January 30th, 2019
As Hawker Beechcraft moves toward its resurrection as Beechcraft Corp. after exiting bankruptcy protection in the spring, it has not ignored research and development. Today at the NBAA Convention, Hawker Beechcraft executive vice president of customers Shawn Vick announced plans for three new turboprops, one of which will be a single-engine model and another a twin;…
Posted on January 24th, 2019
Hawker Beechcraft will not exit bankruptcy by year-end as originally projected, if the court allows the Wichita-based aircraft manufacturer’s request for a 120-day extension filed late Thursday. A court hearing on the extension request is scheduled for August 30. In the filing, Hawker Beechcraft asked the U.S. Bankruptcy Court for the Southern District of New…
Posted on January 7th, 2019
In a filing in bankruptcy court just before Christmas, Hawker Beechcraft asked for court approval to shed two underfunded pension plans covering some 9,500 non-union workers and retirees. The request is part of an agreement with the federal government’s Pension Benefit Guaranty Corp. (PBGC) and the OEM’s machinists’ union. Terms of the agreement require PBGC…
Posted on March 16th, 2012
“We expect a bounce in 2012, though we believe the [business jet] recovery will start slowly and we forecast delivery growth of 8 percent,” JPMorgan Equity Research said in its latest monthly business jet market report, released today. However, evidence of a recovery on the low end is still “not compelling,” it noted. Meanwhile, U.S.…
Posted on May 19th, 2011
Hawker Beechcraft’s flight operations, including all of the company’s flight test, demonstration and corporate transport operations, have received registration under the International Business Aviation Council’s International Standard for Business Aviation Operations (IS-BAO). “[IS-BAO] essentially structures ISO 9000 principles to apply to aviation safety,” according to Hawker Beechcraft. Meeting the IS-BAO requirements was particularly challenging for…
Posted on May 9th, 2011
Hawker Beechcraft (HBC) will have to pay $14.2 million to close a two-year-old dispute with Airbus, which manufactures Hawker business jet airframe components for Wichita-based HBC. On April 29, an arbitrator–the International Chamber of Commerce–imposed the award for damages relating to HBC’s purchase volume obligations for fuselages, wings, track kits and spare parts under an…
Posted on February 18th, 2011
Hawker Beechcraft this morning reported net sales of $2.804 billion for the 12 months ending Dec. 31, 2010, a decrease of $393.8 million compared with 2009. The company attributed the decrease to “lower aircraft deliveries in the company’s business and general aviation segment as a result of depressed demand across the general aviation market.” For…
