Hawker Beechcraft delivered 120 business airplanes in the fourth quarter, up from 94 aircraft shipped in the last quarter of 2006. The Wichita-based manufacturer delivered 319 business jets and turboprops last year, a 13.9-percent increase from the 280 business aircraft shipped in 2006.
Growth at Salina Airport in Kansas has been so rapid that the airport is running out of hangar and office space for businesses that want to move to the airport. A new $6 million hangar complex is under construction and is on track to open in the third quarter. The 69,000-sq-ft complex includes 41,400 sq ft of hangar space, 22,600 sq ft of office space and a 5,000-sq-ft customer service area.
Hawker Beechcraft opened its new sheet metal assembly facility in Chihuahua, Mexico. According to the Wichita-based airframer, the new light metal shop will support the company’s current and projected workforce needs and alleviate space constraints at its U.S. manufacturing facilities. Current plans for the operation call for an initial staff of 250 workers with a growth potential of up to 650 over the next five years.
Wichita-based Hawker Beechcraft reported third-quarter pre-tax profits of $62.1 million and quarterly aircraft sales of $871 million, resulting in a backlog of $5.2 billion. The company delivered 75 business airplanes (10 Hawker 850XPs, eight 900XPs, 12 400XPs, five Premier IAs and 40 King Airs) in the third quarter, up slightly from the 72 business turboprops and jets shipped in the same period last year.
Garmin received FAA STC approval to install G1000 avionics retrofits in the Hawker Beechcraft King Air C90A/GT. The $350,000 retrofit (uninstalled) results in a weight saving of approximately 100 pounds. Notably, this is Garmin’s first G1000 retrofit STC, and it paves the way for future G1000 retrofit installations such as the King Air 200 and B200, a program Garmin announced in September at the NBAA Convention.
Wichita-based Hawker Beechcraft yesterday reported third-quarter pre-tax profits of $62.1 million and quarterly aircraft sales of $871 million, resulting in a backlog of $5.2 billion. The company delivered 75 business airplanes (10 Hawker 850XPs, eight 900XPs, 12 400XPs, five Premier IAs and 40 King Airs) in the third quarter, up slightly from the 72 business turboprops and jets shipped in the year-ago period.
Hawker Beechcraft has hired Harris Williams to shop seven of its U.S. fuel and line operations–a move not unexpected after the company announced late last month that it was selling its aircraft and charter management division to Sentient Flight Group. The planned sale would include Hawker Beechcraft FBOs in Atlanta; Houston; Indianapolis; San Antonio; Tampa, Fla.; Van Nuys, Calif.; and Wichita.
The debate between Littleton, Colo. maintenance-tracking provider AvTrak and Hawker Beechcraft (formerly Raytheon Aircraft) stemming from Raytheon’s sale of its Facts (Factory Aircraft Comprehensive Tracking System) to Ronkonkoma, N.Y.-based Camp Systems has heated up once again as a judge upheld a February injunction regarding ownership of the operators’ maintenance data.
On October 23, Sentient Flight Group purchased Hawker Beechcraft’s charter/management business. The announcement came one day after Sentient said it had agreed to buy TAG Aviation USA’s management business. The deal adds 22 employees, contracts for aircraft and another charter certificate to the Sentient stable. When the TAG Aviation USA deal goes through before year-end, Sentient could add as many as another 79 aircraft.
Waltham, Mass.-based Raytheon, during its third-quarter earnings conference this morning, announced its decision to sell Flight Options, its Cleveland-based business aircraft fractional share division. On October 15 the company entered into a definitive agreement to sell the fractional provider to HIG Capital, a Miami-based global private investment firm.