For the past two years, the business aviation industry has pondered when the oft-mentioned bottom of the trough in aircraft deliveries might actually be reached. In a recent JetNet iQ survey, half of the respondents believe deliveries have already hit bottom, while more than 25 percent see the industry as showing some upward momentum at last.
In response to a request by Hawker Beechcraft seeking a 120-day extension of the exclusive period during which only the company can file a reorganization plan, a judge in U.S. Bankruptcy Court in New York today agreed to maintain exclusivity through the end of February.
Hawker Beechcraft Global Customer Support (GCS) has appointed Premium Jet Aircraft Maintenance at Afonso Pena International Airport (SBCT) in Curitiba, Brazil, as an authorized service center to support the Hawker 125 and 400 series.
Nextant Aerospace delivered its sixteenth 400XT today to a private buyer in the Czech Republic, marking the first handover of a Nextant-remanufactured Beechjet 400A/400XP with a European registration. The undisclosed customer and the firm managing the aircraft, Time Air, will work with Nextant to provide demonstration flights for prospective buyers in Europe. Beechcraft Sales and Service (Beechcraft Augsburg) serves as Nextant’s maintenance hub in Europe and will offer factory-approved services for European 400XT owners and operators.
Hawker Beechcraft filed for Chapter 11 bankruptcy protection in May and is currently in exclusive negotiations with Superior Aviation Beijing, which has placed a stalking-horse bid to buy Hawker Beechcraft for $1.79 billion. However, the Wichita-based aircraft manufacturer will ultimately be sold in a public auction, meaning it is still very much up for grabs.
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 line with what Hawker Beechcraft describes as its “continued focus on the international market,” the Wichita, Kansas-based OEM announced at LABACE that it has launched its new Portuguese-language website.
Blackhawk, a U.S.-based provider of performance improvements for single- and twin-engine turboprop aircraft, is adding staff to meet growing demand in Brazil and other Latin American nations.
Citing its own research and that of Corporate Jet Investor in the UK, Hawker Beechcraft expects strong growth in demand for business aviation financing in Brazil over the next five years.
The Wichita-based OEM said the study reveal that, in Brazil, 46.9 percent of experts anticipate demand for business aviation financing to increase “dramatically between now and 2017,” and 40.6 percent expect only a slight increase. Only China has higher expected growth, Hawker Beechcraft noted.
Superior Aviation Beijing Co. Ltd., the Chinese company vying to buy Hawker Beechcraft, has hired Washington, D.C.-based lobbying firm Locke Lord Strategies to represent it on “aviation issues” in the U.S. Capitol. Locke Lord is also providing legal advice to Superior as it works to finalize its $1.79 billion deal for the Wichita-based aircraft manufacturer. According to the lobbying registration report, Locke Lord partners Phil Rivers, Mark Siegel and Shane Doucet, as well as senior policy adviser Walter Smith Jr., are handling the account.