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.
Wichita, Kan.-based aircraft manufacturer Hawker Beechcraft predicts strong growth in demand for business aviation financing in Brazil over the next five years, based on research it conducted with Corporate Jet Investor of Surrey, England.
As part of AIN Publication’s annual survey of users of business aviation, we asked qualified subscribers of Aviation International News, our monthly print publication, to identify "specific individuals for going above and beyond when it comes to product/customer support" of aircraft, engines and avionics, and to explain why they deserve special recognition.
Registration is now open for the 16th annual Bombardier Safety Standdown, which will be held October 8 to 11 in Wichita. Bombardier offers the seminar at no charge to attendees, but space is limited and registration is required.
Bombardier Aerospace will temporarily cease production of the Learjet 60XR later this year due to flagging demand for the $13.71 million eight-passenger twinjet, the company announced to employees at its Wichita facility late last week. Though the “production pause” will start late in the fourth quarter, “We will continue delivering Learjet 60XRs into 2013 and we will be honoring all orders for the airplane,” a Bombardier spokeswoman told AIN.
Despite objections from the International Association of Machinists and Aerospace Workers (IAM), the U.S. Bankruptcy Court for the Southern District of New York today approved Hawker Beechcraft’s motion to enter into exclusive negotiations with Superior Aviation Beijing Co. The proposed deal was announced early last week, but required a judge’s approval to proceed.
Late last night, Hawker Beechcraft announced that China-based Superior Aviation Beijing Co. has signed an “exclusivity agreement” to buy the whole U.S. aircraft manufacturer, minus its defense business. Hawker Beechcraft filed for U.S. Chapter 11 reorganization in May and just last week outlined a framework to exit this protection by year-end. Part of this plan included a potential sale, which is now the likely outcome.
Government officials, Bombardier Aerospace executives and other stakeholders broke ground yesterday on a $56 million, one-million-square-foot expansion at the Learjet Wichita campus.
Spirit AeroSystems’ Wichita employees returned to work en masse today to restart production following successful efforts to restore power and clean debris left by a tornado that tore through the company’s 45-building campus on April 14. Spirit said it intends to work on “quickly ramping back up to full-rate production” now that its workers have returned.
Spirit AeroSystems said it expects its Wichita line employees to return to work next Monday to restart production following efforts to restore power and clean debris left by a tornado that tore through its 45-building campus last weekend.