With bankruptcy court approval yesterday of Hawker Beechcraft’s disclosure statement filed with its joint plan of reorganization (POR), the company’s emergence from Chapter 11 appears to be accelerating. The court’s move allows Hawker Beechcraft to begin soliciting approval of the POR from its creditors.
Finding qualified aircraft maintenance personnel is becoming increasingly difficult and has led one recruiting firm to go on the road. Aerotek St. Louis recently held a job fair in Kansas City to recruit more than 100 aircraft mechanics, technicians, inspectors and engineers for a defense contract.
Hawker Beechcraft, which reported a $44 million net loss and $95 million negative cash flow in October, followed that filing with the bankruptcy court by reporting in a separate filing a sales forecast of $1.9 billion in 2013 as a new, standalone company following its emergence from bankruptcy in February.
Dying is one thing. Being reborn is quite another, as Hawker Beechcraft, its employees, lenders and creditors are discovering during the current bankruptcy and restructuring.
At the NBAA Convention last month, HBC chairman Bill Boisture explained recent events to that point and outlined the Wichita OEM’s future, which he confirmed will not include its business jet line.
The closing of some Hawker Beechcraft (HBC) factory-owned service centers as a result of the manufacturer’s bankruptcy has changed the way customers have their aircraft maintained, especially in the Southwest U.S. Previously, the factory-owned HBC center in Mesa, Ariz., pulled business from the West Coast, Mexico and other areas.
Biozyme, the owner of a Hawker Beechcraft (HBC) Premier IA, has filed an objection with the bankruptcy court handling the Hawker Beechcraft proceedings, questioning the manufacturer’s plan to suspend warranty coverage as part of its efforts to exit bankruptcy.
AMI Aviation Services is taking pre-orders for an STC and PMA kit with optional installation services to retrofit the Beechcraft 1900D with Garmin G950 glass-panel technology. G950 avionics offer greater reliability, reduced weight, simplified fleet-wide training and a flexible architecture designed to accommodate future technology. The kit includes, in part, the three-screen Garmin G950 system, dual 10.4-inch primary flight displays with Garmin synthetic-vision technology and a 15-inch multifunction display with Eicas. Expected availability is next year’s second quarter.
Hawker Beechcraft, set to become simply Beechcraft Corp. when it emerges from U.S. bankruptcy protection in late February, has confirmed the allotment of funding for research and development of new turboprop and piston single-engine aircraft. Late last month, the company announced it would shut down its business jet lines to focus on its more successful turboprops and piston-powered aircrafts.
Citing its intention to emerge from Chapter 11 bankruptcy protection as the standalone Beechcraft Corp., Hawker Beechcraft notified employees yesterday that it will begin the process of closing Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio. The Wichita-based OEM also affirmed that approximately 240 employees will be affected at these locations.
AMI Aviation Services is taking orders for an STC and parts manufacturer approval (PMA) kit with optional installation services to retrofit the Beechcraft 1900D with Garmin G950 glass-panel avionics. According to AMI, the G950 avionics will modernize the aging 1900D cockpit and offer operators life-cycle cost benefits, including greater reliability, reduced weight, simplified fleet-wide training and a flexible architecture designed to accommodate future technology.