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.
Cessna Citation 560 Ultra, Farmingdale, N.Y., April 10, 2007–Taxiing at Republic Airport on Long Island, the NetJets Citation hit a parked maintenance van. There was minor damage to the van and the aircraft, but no injuries were initially reported. The Citation was registered to NetJets Sales, c/o Macafee & Taft, Oklahoma City.
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.
Nayak Aircraft Services Group, headquartered in Cologne, Germany, has teamed with LoPresti Speed Merchants of Vero Beach, Florida, to certify, market, install and maintain in Europe LoPresti’s Boom Beam landing and taxi light systems, the only xenon landing and taxi lights available for business aircraft.
Less than two months after completion of the sale of Raytheon Aircraft to the investment firms GS Capital Partners and Onex Partners for $3.3 billion, the newly formed Hawker Beechcraft announced its first fleet sale yesterday at EBACE.
Less than two months after completion of the sale of Raytheon Aircraft to the investment firms GS Capital Partners and Onex Partners for $3.3 billion, the newly formed Hawker Beechcraft Corp. announced its first fleet sale.
Back in 2001, NetJets Europe might have considered a shortage of suitably qualified pilots to be a nice problem to face. At the time, the industry’s fractional ownership leader had no more than 80 clients in Europe–five years after having imported the concept from the U.S.
NetJets Europe expects to move into its new Lisbon, Portugal headquarters in December. The fractional provider already runs all its operational and administrative functions from the Portuguese capital and it is now investing $28 million in a much larger building that will house slightly more than 400 staff. It also has a sales and marketing office in London. The past three years have seen rapid growth at NetJets Europe.
NetJets Europe has launched a new NetJets Corporate Card program to market smaller blocks of flight time in its fractional-ownership fleet without the need to acquire an aircraft share. At the same time, it has rebranded Marquis Private Jet Card as the NetJets Private Jet Card, with NetJets having taken control of the London-based Marquis Jet Partners Europe operation.
Profits soared last year at Warren Buffett’s holding company, Berkshire Hathaway, though not all of the company’s divisions did well. In his annual letter to shareholders released last month, the investment mogul summarized the reduced performance of FlightSafety International and NetJets– the two largest companies in their respective fields of simulator training and fractional ownership.