Hawker Beechcraft

April 17, 2012 - 3:40pm

GAMA released its revised 2011 annual report today, now that Hawker Beechcraft has issued its fourth-quarter and Fiscal Year 2011 financial results. Turboprop deliveries fell from 368 aircraft in 2010 to 361 last year, down 1.9 percent, while business jet shipments descended to 703, down 7.9 percent from 763 jets in 2010. Billings decreased slightly to $19.644 billion last year, down 0.4 percent from $19.715 billion in 2010.

April 4, 2012 - 3:40pm

Hawker Beechcraft Global Customer Support (GCS) has appointed Shanghai Hawker Pacific Business Aviation Service Center its first authorized service center in mainland China. Located at Shanghai Hongqiao International Airport, Shanghai Hawker Pacific will provide service to Hawker owners and operators in the Northern Asia Pacific region.

April 3, 2012 - 3:50pm

In an SEC filing yesterday, Hawker Beechcraft said its losses for all of 2011 could total $481.8 million, including $304.9 million in restructuring and impairment charges, versus a $173.9 million loss in 2010. Subtracting the losses from the first through third quarter, this means that Hawker Beechcraft could post a fourth-quarter loss of $267.1 million. These 2011 numbers, however, are still preliminary and could change, the company noted.

April 2, 2012 - 3:05am

After delays of nearly a year, the U.S. Air Force announced in late February that it had selected Sierra Nevada and its partner Embraer Defense and Security as winners of its light air support (LAS) contract, an award that carries an initial value of $427.5 million.

April 1, 2012 - 3:10am

February’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 pace since the 1997-98 Asian financial crisis, with gross domestic product expanding by 6.5 percent.

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.

 
X