The new owners of Hawker Beechcraft are starting on a high note. The company announced greatly improved first-quarter earnings last month, with net sales in the first quarter of this year up 32.3 percent from the same period a year ago, to $667.8 million. Hawker Beechcraft delivered 60 turbine aircraft in the first three months of this year, placing it second overall in terms of units shipped.
Hawker Beechcraft has appointed India’s InterGlobe Enterprises, owner of low-cost carrier IndiGo, to be its sales and servicing agent in India effective July 1.
Hawker Beechcraft has signed a multi-year contract with Satyam Computer Services, India’s fourth-largest software exporter, to provide design and other services.
Selected for its aerospace engineering experience, Satyam will enable Hawker Beechcraft to streamline its engineering operations and “respond more quickly to business opportunities,” the U.S. airframe manufacturer said.
Hawker Beechcraft Corp. is here for the first time in its new form, since Onex Partners and GS Capital Partners acquired the company from Raytheon. On the static display, it is exhibiting several business aircraft, including three jets–a Hawker 4000, a Hawker 850XP and a Beechcraft Premier IA–and a Beechcraft King Air 350ER turboprop.
The new owners of Hawker Beechcraft are starting on a high note. The company announced greatly improved first-quarter earnings last week, with net sales in the first quarter of this year up 32.3 percent from the same period a year ago, to $667.8 million. Hawker Beechcraft delivered 60 turbine aircraft in the first three months of this year, placing it second overall in terms of units shipped.
The board of directors of Brazilian jet manufacturer Embraer has appointed Frederico Fleury Curado president and CEO. Mauro Kern Jr. will replace Curado as executive v-p of the airline market. Antonio Julio Franco and Flavio Rimoli were named executive v-p of organizational development and executive v-p, legal counsel, respectively.
Aircraft services and systems integrator Emteq has received an initial contract from Hawker Beechcraft for installation of its ne FAA-certified seat heaters in new King Airs. According to Emteq president Jerry Jendusa, Hawker Beechcraft also plans to introduce similar seat heaters for the Hawker, as well as the Baron and Bonanza.
Hawker Beechcraft hopes to continue to stave off competition from VLJs with two new upgrades–announced last month at EBACE–to the stalwart King Air turboprop line. The upgraded King Air B200, which the company is calling the B200GT, gets more powerful PT6A-52 engines, while the C90GTi will be equipped with Rockwell Collins Pro Line 21 avionics as standard.
The newly formed Hawker Beechcraft announced its first fleet sale at EBACE in Geneva last month. NetJets Europe signed a contract for the purchase of 32 Hawker 4000 super-midsize jets. Deliveries of the aircraft are expected to begin next year and continue through 2016. The value of the contract, which includes maintenance, is more than $700 million.
BBA Aviation, parent company of the Signature Flight Support FBO chain, has agreed to purchase Executive Beechcraft, which includes four FBOs, a charter/management operation, maintenance and avionics facilities and an aircraft sales division. Executive Beechcraft is a Hawker Beechcraft sales and service center for the Bonanza A36 through the Hawker 400XP and a service center for Cirrus Design and Mooney Aircraft.