Hawker Beechcraft

March 28, 2012 - 2:15pm

AeroMechanical Services, operating as Flyht, will provide NetJets Europe with the automated flight information reporting system (Afirs) and services for 30 Hawker Beechcraft 750/800XPs.

Thomas French, Aeromechanical Services’ CFO, told AIN, “We’ve been dealing with smaller groups, primarily regional carriers, specialty carriers and cargo operators with 30 or fewer aircraft. This places the technology we’ve developed over the years with a major player and takes us into another level.”

March 28, 2012 - 1:45pm
Hawker Beechcraft gets temporary breather from debt

Hawker Beechcraft yesterday secured more time to solve its debt problems through a restructuring plan, with lenders granting a 90-day forbearance agreement. The move staves off the immediate threat of a filing for Chapter 11 bankruptcy protection–a move that has been widely expected by industry analysts.

The manufacturer, which is owned by Onex and GS Partners (a division of investment banking giant Goldman Sachs), announced it had “reached an agreement with certain lenders that will provide the company with approximately $120 million of additional liquidity.”

March 28, 2012 - 7:30am
Hawker Beechcraft's headquarters in Wichita, Kansas.

Hawker Beechcraft yesterday secured more time to solve its debt problems through a restructuring plan, with lenders granting a 90-day forbearance agreement. The move staves off the immediate threat of a filing for Chapter 11 bankruptcy protection–a move that has been widely expected by industry analysts. The U.S. manufacturer announced it had “reached an agreement with certain lenders that will provide the company with approximately $120 million of additional liquidity.”

March 28, 2012 - 1:15am

Last month’s Singapore Airshow confirmed a trend that has been brewing for some time: that Indonesia is emerging as a business aviation hotspot in the Asia Pacific region. Last year the country’s economy grew at its fastest speed since the 1997-98 Asian financial crisis, with gross domestic product expanding by 6.5 percent.

March 26, 2012 - 12:10pm
Shanghai Hawker Pacific Business Aviation Service Center

ABACE show host Shanghai Hawker Pacific Business Aviation Service Center (SHPBASC) has been approved by China’s Civil Aviation Administration (CAAC) to perform maintenance on Bombardier’s Global 5000 and ultra-long-range Global Express/XRS series of business jets. Shanghai Hawker Pacific is the first approved Part 145 facility in China.

March 21, 2012 - 1:52pm

FlightSafety International has promoted John Brasfield to manager of the Cessna Aircraft Maintenance Learning Center in Wichita. Brasfield has held a number of positions of increasing responsibility since joining FlightSafety in 1999 at its Hawker Beechcraft Learning Center in Wichita. He joined the company as an instructor, served as program manager for training on the Beechjet, Hawker 800XP and Hawker Horizon and then as director of programs. He most recently served as assistant manager of the Wichita Cessna Learning Center.

March 20, 2012 - 4:04pm

“The business aviation market is just starting to recover,” Teal Group vice president for aerospace analysis Richard Aboulafia said this morning during an aerospace and defense outlook teleconference hosted by Desjardins Capital Markets. “Companies are making record profits and are literally stuffing about 7 percent of this cash under their mattresses,” meaning many have available capital that could be readily deployed to purchase business jets. He is also encouraged by the declining inventories of pre-owned business aircraft.

March 15, 2012 - 4:10pm

“We expect a bounce in 2012, though we believe the [business jet] recovery will start slowly and we forecast delivery growth of 8 percent,” JPMorgan Investment Research said in its latest monthly business jet market report, released today. However, evidence of a recovery on the low end is still “not compelling,” it noted.

March 13, 2012 - 4:00pm

Hawker Beechcraft announced yesterday that it “is implementing a furlough of its supply chain and final-assembly Premier IA and Hawker 4000 line in Wichita to synchronize its production line with availability of composite material from a key supplier.” While Hawker Beechcraft would not confirm the identity of this supplier, industry sources told AIN that the problem stems from epoxy resin supplier Cytec Engineering. At press time, Cytec had not responded to AIN’s inquiries seeking comment.

March 2, 2012 - 5:15am
Robert S. Miller

On February 7, Hawker Beechcraft Inc. announced it had appointed Robert S. “Steve” Miller, 70, CEO and that former Hawker Beechcraft CEO Bill Boisture “will remain as chairman of its operating subsidiary, Hawker Beechcraft Corporation.” Miller said he plans to remain chairman of American International Group and a director at Symantec, although he left his job as chairman of MidOcean Partners.

 
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