Hawker Pacific, a leading general aviation sales and support company throughout Asia, is to be sold by Sweden’s Saab group to Lynton International Holdings of the UK. The deal has been agreed in principle for an undisclosed amount and should be completed over the next few months.
After announcing the launch of the Premier II on Monday, Hawker Beechcraft yesterday revealed it has firm orders for 40 aircraft and lesser commitments for another 30 of the upgraded version of the Premier IA. Firm orders are held by nonrefundable deposits. The Premier II features more powerful 3,050-pound Williams International FJ44-3AP engines, longer range (1,500 nm versus 1,150 nm) and a faster top speed (465 knots at 33,000 feet).
Hawker Beechcraft announced the long-awaited upgrade of the Premier light jet yesterday evening, highlighting improvements in range, time to climb, maximum altitude, payload and top speed. The company will continue producing the Premier IA after the Premier II is certified in the first quarter of 2010 and begins deliveries in the second quarter.
Plattsburgh, N.Y.-based CommutAir has notified its employees that it will return 12 of its remaining 26 leased Beech 1900D turboprops to Raytheon Aircraft and furlough more than 150 personnel as part of a plan to reduce operations by some 45 percent.
This afternoon at EBACE Hawker Beechcraft announced the $7.365 million (2010 $) Premier II, a long-awaited performance-enhanced version of the Premier IA. Driving the Premier II upgrade are 3,050-pound-thrust Williams International FJ44-3AP engines, which replace the 2,300-pound-thrust FJ44-2As on the IA, blended winglets and splayed ventral fins, but no fuselage stretch.
Responding to increased demand for its parts throughout the Middle East and India, Hawker Beechcraft has named Kolkata, India-based Arrow Aviation Services an authorized distributor through its Rapid factory-direct parts division. Arrow is one of the subcontinent’s leading parts suppliers with sales offices throughout India, as well as a new facility in Dubai, site of its main warehouse.
Raytheon Aircraft reported an operating loss of $41 million in the first quarter, compared with a loss of $4 million in the first quarter a year ago. The Wichita-based company also recorded sales of $494 million in the first quarter, down 22 percent from $637 million in the same period a year ago.
Phoenix-based Mesa Air Group has signed a memorandum of understanding to enter a new fleet management program with Pratt & Whitney Canada that would include the sale of “certain assets” related to its Desert Turbine Services unit and spare PT6 engines. The tentative six-year deal covers 58 Beech 1900Ds and 116 engines, valued at some $70 million.
CCAir president Carter Leake last month notified his employees that parent company Mesa Air Group planned to close the money-losing regional airline on July 1. Leake’s memo arrived on the same day as Mesa’s latest contract proposal to CCAir’s pilots. The pilots rejected a previous proposal.
Wichita-based Raytheon Travel Air and Cleveland-based Flight Options on March 20 completed their planned merger, first announced December 20, creating the second-largest fractional aircraft provider. Under the joint venture, Flight Options holds a 50.1-percent stake in the new company, while Raytheon Co. retains a 49.9-percent share.