Hawker Beechcraft

Billings up, but pistons dragged down shipments
February 26, 2009 - 9:46am

For the first time in five years, worldwide shipments of general aviation airplanes decreased in 2008, even as industry billings reached $24.8 billion, a 13.4-percent gain over 2007.

The General Aviation Manufacturers Association (GAMA) attributed the increase to order backlog, reflecting the filling of orders placed for turboprops and business jets during the strong economic years of 2006 and 2007.
Hawker Beechcraft Posts $139M Loss for 2008
February 17, 2009 - 11:06am

Hawker Beechcraft reported net sales of $3.5 billion and operating income of $135.5 million last year, though it also posted a net after-tax loss of $139.9 million. Net bookings for the year were $4.8 billion and year-end backlog was $7.6 billion.
Hawker Beechcraft Plans To Lay Off 2,300 More
February 3, 2009 - 10:47am

Just weeks after warning that pending job cuts “could very well touch all areas and levels of the company,” Hawker Beechcraft CEO Jim Schuster today put a number to how many of his 9,300 employees will be let go–about 2,300, or nearly 25 percent of the company’s workforce. Most of the affected employees will be given their 60-day notices on Friday, just 91 days since 490 people were let go by Hawker Beechcraft.
As demand declines, OEMs scale back production plans
January 27, 2009 - 5:40am

Among other measures, manufacturers are increasingly looking to layoffs for
cost-cutting as demand dwindles and aircraft production rates drop. Analysts and industry observers look for things to get worse before they get better.
NBAA: TARP Language Could Harm GA Industry
January 13, 2009 - 10:42am

NBAA is fighting to eliminate from a bill to reform the Troubled Assets Relief Program (TARP) wording that would “require divestment of private aircraft or leases.” TARP was passed by Congress in October to acquire banks’ troubled assets in an effort to unfreeze the credit market. The proposal regarding business airplanes was introduced on Friday by Rep. Barney Frank (D-Mass.), the chairman of the House Financial Services Committee.
Backlogs shrinking at the major OEMs
January 12, 2009 - 11:36am

Six months ago, business aircraft manufacturers were publicly confident that their backlog of new aircraft orders stretching well into the next decade would provide a buffer to ease the industry through what was already flagged as an economic crisis. Today, cancellations and delivery deferrals are eating
into those backlogs, and the OEMs are making adjustments that were only being hinted at two months ago.
More Layoffs Pending at Cessna, Hawker Beechcraft
January 8, 2009 - 11:37am

The healthy backlogs that Cessna and Hawker Beechcraft thought they had six months ago apparently haven’t been able to weather the worldwide recession, with both manufacturers separately announcing more layoffs this week. Wichita TV station KAKE is reporting that up to 3,000 employees at the two aircraft makers soon could be on the street.
HBS Opens in Mesa, Closing VNY Service Center
January 7, 2009 - 11:50am

Hawker Beechcraft Services will become the second major business jet OEM service center to leave California when it closes its Van Nuys Airport facility on March 31. Last year, Cessna Aircraft announced that it is closing its Long Beach service center and moving those operations to a new facility in Mesa, Ariz.
MexicoNow
December 30, 2008 - 4:46am

European aerospace firms will have an opportunity to evaluate the potential for manufacturing investments and partnerships in Mexico at the MexicoNow conferences to be held in London and Toulouse. On January 27, the first conference will convene at the Hilton London Heathrow Airport Hotel, before the Mexican industry delegation moves on to France for a January 29 conference at the Hotel Sofitel Toulouse Centre.
Backlogs shrinking at the major OEMs
December 29, 2008 - 6:48am

Six months ago, business aircraft manufacturers were publicly confident that their backlog of new aircraft orders stretching well into the next decade would provide a buffer to ease the industry through what was already flagged as an economic crisis. Today, cancellations and delivery deferrals are eating into those backlogs, and the OEMs are making adjustments that were only being hinted at two months ago.

Pages