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.
Hawker Beechcraft announced today at LABACE that the first customer aircraft in the Hawker 400XPR upgrade program is undergoing the Rockwell Collins Pro Line 21 avionics system retrofit at its Hawker Beechcraft Service facility in Atlanta.
Hawker Beechcraft (HBC) has introduced a limited-time sales promotion providing three years of complimentary maintenance to customers in North America who place an order for a Beechcraft King Air 350i or King Air 250 on or before September 15 this year.
The results of this year’s AIN Product Support Survey took some interesting turns, but Gulfstream Aerospace once again retains the top spot in the Aircraft Survey, in the combined, newer and older aircraft ratings. The results of the Product Support Avionics Survey will be published in AIN’s September issue, followed by the Engines Survey in the October issue.
On July 13, Hawker Beechcraft filed a request with the U.S. bankruptcy court requesting permission as part of the restructuring to grant bonuses to most of its “senior leadership team” (SLT, see below).
The incentive bonuses under the key employee incentive plan (KEIP) could total as much as 200 percent of each individual’s base salary; however, the filing makes clear that the bonuses are based on the achievement of certain incentive goals.
The International Association of Machinists and Aerospace Workers (IAM) filed papers with U.S. Bankruptcy Court on July 16, challenging the proposed sale of Hawker Beechcraft to Superior Aviation Beijing.
“The proposed sale of Hawker Beechcraft to a Chinese government-backed entity has broad implications for the U.S. economy and national security,” said IAM International president Tom Buffenbarger. “The sale should not be rushed through without adequate scrutiny by all interested parties, including federal regulators, state officials and the Wichita community.”
When Hawker Beechcraft announced on July 9 it was in negotiations that might result in its acquisition by Superior Aviation of Beijing, the most common response was, “Who?”
Superior Aviation is a Chinese aviation technology firm with a mission, according to Superior Aviation CEO Tim Archer, “to promote economic and industry development in the southern part of Beijing City.”
A U.S. bankruptcy court has cleared the way for Hawker Beechcraft to begin “exclusive negotiations” for China’s Superior Aviation Beijing to acquire the civil aviation interests of the financially troubled group.
Responding to a recent filing in bankruptcy court by Hawker Beechcraft, seeking approval for as much as $5.328 million in bonuses for eight top executives, the International Association of Machinists and Aerospace Workers (IAW) has filed a formal objection.
Hawker Beechcraft Global Customer Support opened a factory-owned aircraft maintenance facility last week at New Castle County Airport in Wilmington, Del. The Part 145 repair station offers airframe, engine, avionics and mobile service support for the company’s entire product line, from the Bonanza to the Hawker 4000.