“It will be the only classroom in the world capable of reaching 41,000 feet in 18 minutes,” said record-setting pilot and educator Barrington Irving yesterday at the launch of his latest endeavor, known as “Classroom in the Sky.” The project, an initiative of Irving’s non-profit Experience Aviation, will attempt to expose millions of students to aviation by allowing them to interact with him during a planned around-the-world flight, which will take him to all seven continents.
On September 26, Hawker Beechcraft Global Customer Support celebrated the grand opening of its newest service center at the Aeropuerto Internacional del Norte in Monterrey, Mexico. Besides maintenance, repair and modification of airframes, powerplants and avionics systems, the Mexican Dirección General de Aeronáutica Civil-certified Hawker Beechcraft Services facility also offers interior modification and exterior paint. This is the second HBS facility in Mexico.
With the new Beechcraft Corp. exiting the jet business when Hawker Beechcraft emerges from bankruptcy as a standalone company in the spring, the company sought to clarify its position with regard to warranties today at the NBAA Convention.
Shanghai Hawker Pacific Business Aviation Service Centre General Manager Carey Matthews is upbeat about business aviation trends in mainland China. In a press briefing at NBAA’12 he reported that year over year growth is 13 percent for business aviation movements at both Hongqaio (SHA) and Pudong (PVG) airports in Shanghai, China. “We expect total movements to be around 4,000 at the end of 2012,” said Matthews.
Hawker Beechcraft is moving ahead with restructuring during Chapter 11 bankruptcy protection, and in a press conference here yesterday HBC chairman Bill Boisture made it clear the new Beechcraft Corp. that emerges in the first quarter of next year will focus on the turboprop and piston aircraft lines.
Before digging into the details of each of the light jet markets, it’s worth noting some global factors affecting the market. In 2012, the big story in the light jet market was Europe and the devaluing euro. As the light jet market typically trades in U.S. dollars, with the euro dropping nearly 20 percent in value compared to last year, European sellers saw an opportunity to take advantage of the strong dollar and liquidate at relatively lower dollar values for their assets, yielding a higher amount of euros.
The 65th Annual NBAA Meeting and Convention in Orlando, Fla., is taking place as the U.S. presidential election looms and with the state of the global economy very much on the minds of people worldwide. AIN recently took the opportunity to ask the leaders of several business aircraft manufacturers for their thoughts on the state of the economy and their forecasts for the business aviation industry.
In a reorganization plan filed in June with the bankruptcy court, Hawker Beechcraft listed a number of options and assumptions available during the process, among them that the company might cease all jet production–something the company reiterated it planned to do last week when announcing it would emerge from bankruptcy as standalone company Beechcraft Corp.
After four months of intense negotiation, a deal for the sale of Hawker Beechcraft to Superior Aviation Beijing collapsed October 18 with an announcement by HBC that the parties could not come to terms and it would proceed with the stand-alone plan of reorganization.
The $1.79 billion deal for Superior Aviation Beijing to acquire bankrupt Hawker Beechcraft has been scrapped, the Wichita-based aircraft manufacturer announced this morning. As a result, Hawker Beechcraft now plans to emerge from bankruptcy protection in the spring as a standalone company focusing on its turboprop, piston, special-mission and trainer/attack aircraft, as well as parts, maintenance, repairs and refurbishment businesses. The company’s Hawker business jet lines will likely be sold–in whole or individually–or shut down, it added.