With Chinese Deal Off, Hawker Beechcraft Goes It Alone
After the planned $1.79 billion acquisition deal by Superior Aviation Beijing soured today, Hawker Beechcraft said it now plans to emerge from bankruptcy protection in the spring as a standalone company focusing on its turboprop, piston, special-mission and trainer/attack aircraft. The company’s Hawker business jet lines will likely be sold–in whole or individually–or shut down, meaning that the King Air 350 will be the largest aircraft it manufactures going forward.
After the planned $1.79 billion acquisition deal by Superior Aviation Beijing soured today, Hawker Beechcraft said it now plans to emerge from bankruptcy protection in the spring as a standalone company focusing on its turboprop, piston, special-mission and trainer/attack aircraft. The company’s Hawker business jet lines will likely be sold–in whole or individually–or shut down, meaning that the King Air 350 will be the largest aircraft it manufactures going forward.