Is venerable aircraft manufacturer Hawker Beechcraft on life support and about to be broken up and sold off as some industry pundits have suggested or has the Wichita-based OEM positioned itself to survive the industry crash and come out better for it?
For the seventh straight quarter, total deliveries of business jets and turboprops declined year-to-year, according to the second-quarter statistics released last month by the General Aviation Manufacturers Association (GAMA). However, industry billings, which totaled $9.4 billion, rose by a modest 0.2 percent, the second straight quarter showing an increase.
Business jet charter, sales and acquisition firm Zenith Jet released a “bottom-up segment dynamics” forecast that predicts 10,940 business jets worth some $208 billion will be delivered this decade. While these numbers are similar to other industry outlooks released over the past year, “Where our forecast differs is that it is built upwards from a segment perspective.
Boeing Business Jets has already sold a dozen of its new 787s for configuration as private aircraft, and the independent completion centers are climbing the learning curve required to install interiors in an all-composite fuselage.
Hawker Beechcraft recorded an operating loss of $20.7 million in the second quarter, bringing first-half losses to $45.8 million. Second-quarter net sales at the Wichita-based aircraft manufacturer fell $177 million year-over-year, to $639.3 million.
ARSA Cautions Clinton on Aviation Exports
General aviation deliveries experienced an overall drop in the first quarter from the same period last year, according to numbers released last month by the General Aviation Manufacturers Association, but the decline was not as severe as that seen between 2008 and 2009, adding fuel to the speculation that the industry may have weathered the worst of the recent downturn.
An uneasy pall has settled over the aviation industry. Clouds of volcanic ash form impenetrable barriers, forcing constantly altered flight paths, while first-quarter aircraft deliveries dropped to a worrisome low.
The first-quarter numbers from the General Aviation Manufacturers Association (GAMA) released yesterday show an overall 15-percent drop in general aviation aircraft deliveries compared with the previous year–from 459 to 390 aircraft. However, billings increased 7.1 percent to $4.64 billion, thanks largely to international deliveries of large-cabin, long-range business jets.
Hawker Beechcraft has appointed Hawker Pacific Singapore the first authorized service center in Southeast Asia for the Hawker 4000. With this addition, the Hawker Pacific Singapore Service Center is now accredited to support the entire Hawker Beechcraft product lineup.