Hawker Beechcraft’s King Air twin-turboprops continue to take the lion’s share of the Middle East turboprop business market, accounting for more than 70 percent of sales over the last three years. However, the type’s good endurance, configuration, capacious cabin and attractive operating economics have also made it a natural platform for a wide variety of special tasks, and many hundreds have been converted for special missions during the type’s long career.
Another step toward Hawker Beechcraft emerging from Chapter 11 bankruptcy came yesterday when it received court authorization to sell its remaining inventory of Hawker 4000s. As part of its reorganization plan as a standalone company, Hawker Beechcraft is shutting down its business jet line and intends to sell 20 Hawker 4000s “for the best price possible, on an ‘as-is-where-is’ basis, with no warranty or support commitments.”
The Middle East is continuing its trend in the growth of new aircraft deliveries, according to data released here at MEBA 2012 by Wichita-based aircraft manufacturer Hawker Beechcraft Corp. (HBC Chalet A12), which says it is picking up a good proportion of new orders for turboprops.
Hawker Beechcraft Corp. (HBC) rolled up to MEBA 2012 with its full line of civil Beechcraft King Air twin turboprops over the past two days as it prepared for a key court hearing, taking place today in the U.S., probing whether it has to honor warranties on Hawker 4000s and Premier I jets if, as intended, it sells its Hawker jets business to rebrand as Beechcraft Corporation.
Qatar’s Rizon Jet (Stand 340) is eyeing business from all Gulf Cooperation Council (GCC) states, expanding its aircraft maintenance services and building up its aircraft trading and management offering, while preparing the ground for a move to the new Doha Airport and the establishment of an FBO at Paris Le Bourget airport.
With bankruptcy court approval yesterday of Hawker Beechcraft’s disclosure statement filed with its joint plan of reorganization (POR), the company’s emergence from Chapter 11 appears to be accelerating. The court’s move allows Hawker Beechcraft to begin soliciting approval of the POR from its creditors.
Finding qualified aircraft maintenance personnel is becoming increasingly difficult and has led one recruiting firm to go on the road. Aerotek St. Louis recently held a job fair in Kansas City to recruit more than 100 aircraft mechanics, technicians, inspectors and engineers for a defense contract.
Dying is one thing. Being reborn is quite another, as Hawker Beechcraft, its employees, lenders and creditors are discovering during the current bankruptcy and restructuring.
At the NBAA Convention last month, HBC chairman Bill Boisture explained recent events to that point and outlined the Wichita OEM’s future, which he confirmed will not include its business jet line.
Pending revisions to its current plan for reorganization as indicated to bankruptcy judge Stuart Bernstein November 29, Hawker Beechcraft expects to emerge from Chapter 11 in February 2013, as the Beechcraft Corporation.
A major hurdle facing Hawker Beechcraft in its effort to restructure and emerge from Chapter 11 bankruptcy is the sale of the Wichita OEM’s inventory of Hawker 4000s. The hearing date for the company’s request for court approval of the sale is now set for December 11, following a decision last week by judge Stuart Bernstein to deny the company’s request for an expedited hearing and sale.