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All ABACE 2012 News

March 28, 2012 - 7:30am
Chad Trautvetter
Hawker Beechcraft's headquarters in Wichita, Kansas.

Hawker Beechcraft yesterday secured more time to solve its debt problems through a restructuring plan, with lenders granting a 90-day forbearance agreement. The move staves off the immediate threat of a filing for Chapter 11 bankruptcy protection–a move that has been widely expected by industry analysts. The U.S. manufacturer announced it had “reached an agreement with certain lenders that will provide the company with approximately $120 million of additional liquidity.”

March 28, 2012 - 5:52am
Curt Epstein

With one more day to run, ABACE organizers and exhibitors agree that the reborn show has been a great success that has put Asian business aviation firmly on the international air show calendar. This year’s event fulfilled all of its objectives, according to NBAA president Ed Bolen, who pointed to its ability to bring buyers and sellers together.

March 28, 2012 - 5:32am
Charles Alcock

Bradley Pacific Aviation has opened a new FBO at Kona International Airport in Hawaii. The 4,000-sq-ft (372-sq-m) facility is conveniently located just off the main taxiway. Bradley Pacific is part of the Ross Aviation group (ABACE Booth H413) and it operates six FBOs across Hawaii’s islands.

March 28, 2012 - 5:23am
James Wynbrandt

Shanghai Hawker Pacific (SHP) general manager Carey Matthews, and deputy general manager Dr. George Lu, signed a preliminary service center agreement here yesterday at the ABACE show with Cessna president and CEO Scott Ernest.

March 28, 2012 - 5:13am
Liz Moscrop

It is testament to how seriously the China market takes its fledgling general-aviation industry that key players from the China Aircraft Owners and Pilots Association (AOPA) took to the stage for one of the conference sessions here at the ABACE show yesterday.

March 28, 2012 - 4:30am
AIN Staff

The exhibit hall at ABACE 2012 was bustling with potential buyers eyeing new opportunities in this region.

March 28, 2012 - 4:30am
Matt Thurber
King Air signing

Avion Pacific and Hawker Beechcraft sealed a $50 million deal yesterday for 10 Beechcraft King Air twin-turboprops. The order is for a combination of the largest King Air–the 350i–and the smallest, the C90GTx. Deliveries will begin in the fourth quarter of this year.

March 28, 2012 - 4:14am
Chad Trautvetter

Helicopter operators in China face the same regulatory and infrastructure impediments that their fixed-wing counterparts do. To learn more about how helicopters can be better accommodated in the Asian country, AIN sat down with Helicopter Association International president Matt Zuccaro at ABACE 2012.

March 28, 2012 - 3:40am
Liz Moscrop

The Jet Business is here at ABACE 2012 looking for a second venue to capitalize on the success of its novel private jet “showroom” in London’s exclusive Knightsbridge district.

“We are still evaluating another venue that could be in China or elsewhere in Asia, but we have had some interesting conversations at the show,” company founder Steve Varsano told AIN.

March 28, 2012 - 3:30am
Jennifer Leach English

Steve Forbes was the keynote speaker at Wednesday night’s ABACE gala dinner held at the Hongqiao Hilton hotel. The U.S. businessman, who is chairman of the Forbes Media group, is a passionate advocate for business aviation.

 
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