Business aviation veteran Jim Christiansen joined FlightSafety International as vice president for international business development, where he will lead the training company’s efforts to increase the support it provides to customers who live outside the U.S.
In a filing in bankruptcy court just before Christmas, Hawker Beechcraft asked for court approval to shed two underfunded pension plans covering some 9,500 non-union workers and retirees. The request is part of an agreement with the federal government’s Pension Benefit Guaranty Corp. (PBGC) and the OEM’s machinists’ union. Terms of the agreement require PBGC to assume responsibility for the two terminated pensions, while Hawker Beechcraft will keep the pension plan covering its 8,200 current and former union employees. A hearing to consider the plan is scheduled for January 17.
At an omnibus hearing on December 11, the progress of Hawker Beechcraft toward emerging from Chapter 11 bankruptcy protection moved ahead with court authorization to enter into the debtor-in-possession (DIP) amendment and to pay certain related fees and expenses.
The U.S. Navy awarded a contract to BAE Systems valued at $400 million over five years to maintain T-34, T-44 and T-6 training aircraft. BAE’s Aerospace Solutions business, based in Fort Walton Beach, Fla., will perform scheduled inspections, repairs, modifications and logistical support of more than 300 aircraft operated by the Chief of Naval Air Training.
Hawker Beechcraft Corp. (HBC) took another step toward emerging from Chapter 11 bankruptcy on Tuesday when it received authorization from the bankruptcy court to sell its remaining inventory of Hawker 4000s.
Sierra Industries has added a new maintenance facility at San Antonio International Airport. The site might fill the void left by the closure of a Hawker Beechcraft factory service center. Sierra CEO Mark Huffstutler said, “Since our earliest days we have dedicated ourselves to taking the best legacy aircraft and making them better.
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.