The U.S. Bankruptcy Court issued an order on Monday authorizing Hawker Beechcraft to assume an earlier agreement with Pilatus Aircraft, resolving a claim by the Swiss OEM against the Wichita aircraft manufacturer. Pilatus had alleged that Hawker Beechcraft continued to build and deliver T-6 trainers before and following the May bankruptcy filing without paying royalties on intellectual property in production of the aircraft. The T-6 and AT-6 are both based on a Pilatus design.
At an omnibus hearing on December 11, the progress of Hawker Beechcraft toward emerging from Chapter 11 bankruptcy protection moved ahead with court authorization to enter into the debtor-in-possession (DIP) amendment and to pay certain related fees and expenses.
The King Air 350i is now Beechcraft’s biggest airplane, but the 350ER version takes the turboprop twin a few steps further, adding enough extra fuel to stay aloft for up to 12 hours in loiter mode or power along at more than 260 knots for nearly 2,300 nm, all while carrying one pilot and six passengers and with NBAA IFR reserves. Maximum range is as far as 2,650 nm.
JP Morgan is stirring the Hawker Beechcraft bankruptcy pot, suggesting in its December Aerospace and Defense: Balance of Power report that “acquisition of the company is still possible.” The financial services company named Embraer, Textron (parent of Cessna and Bell Helicopter) and General Dynamics (Gulfstream and Jet Aviation) as entities that might benefit from such a deal.
The analyst added, “We anticipate that other companies may be interested in acquiring Beechcraft if the price is right as we see a good strategic fit in several cases.”
The Middle East is continuing its trend in the growth of new aircraft deliveries, according to data released this week at MEBA 2012 by Hawker Beechcraft, which says it is picking up a good proportion of new orders for turboprops.
Hawker Beechcraft Corp. (HBC) took another step toward emerging from Chapter 11 bankruptcy on Tuesday when it received authorization from the bankruptcy court to sell its remaining inventory of Hawker 4000s.
Sierra Industries has added a new maintenance facility at San Antonio International Airport. The site might fill the void left by the closure of a Hawker Beechcraft factory service center. Sierra CEO Mark Huffstutler said, “Since our earliest days we have dedicated ourselves to taking the best legacy aircraft and making them better.
Hawker Beechcraft’s King Air twin-turboprops continue to take the lion’s share of the Middle East turboprop business market, accounting for more than 70 percent of sales over the last three years. However, the type’s good endurance, configuration, capacious cabin and attractive operating economics have also made it a natural platform for a wide variety of special tasks, and many hundreds have been converted for special missions during the type’s long career.
The Middle East is continuing its trend in the growth of new aircraft deliveries, according to data released here at MEBA 2012 by Wichita-based aircraft manufacturer Hawker Beechcraft Corp. (HBC Chalet A12), which says it is picking up a good proportion of new orders for turboprops.
Hawker Beechcraft Corp. (HBC) rolled up to MEBA 2012 with its full line of civil Beechcraft King Air twin turboprops over the past two days as it prepared for a key court hearing, taking place today in the U.S., probing whether it has to honor warranties on Hawker 4000s and Premier I jets if, as intended, it sells its Hawker jets business to rebrand as Beechcraft Corporation.