Citing the “fragile global economic situation,” Hawker Beechcraft has decided to slow development of the Hawker 200 light business jet, known originally as the Beechcraft Premier II, until market conditions rebound.
“As you are aware, our industry is facing one of the most challenging markets in its history,” noted Hawker Beechcraft chairman and CEO Bill Boisture in a letter to employees. “The light jet segment has been particularly hard hit. Most manufacturers have made difficult decisions and are hopeful for a timely recovery. Unfortunately, economists and third-party industry analysts agree the timing of that recovery remains uncertain.”
