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Beechcraft Reveals Plans for New Turboprop, Piston Models

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Key Takeaways:

  • Following a failed buyout and bankruptcy, Hawker Beechcraft will reemerge as "Beechcraft," exiting the business jet market to focus solely on turboprop and piston aircraft.
  • The company plans to introduce four new turboprop and piston models over the next five years, aiming to fill gaps in its light general aviation product line.
  • A key strategic move for Beechcraft's piston lineup is a transition to diesel power, specifically technology capable of burning jet-A fuel.
  • The restructuring will enable Beechcraft to shed over $2.5 billion in debt, but it will also cease honoring warranties for certain Hawker 4000 and Premier jet customers.
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Still stinging from the collapse of its buyout deal with Superior Aviation Beijing, Hawker Beechcraft used the stage at the NBAA Convention to focus on the future — and in particular the company’s plans to introduce four new turboprop and piston models in the next five years while also exiting the business jet market. Plans revealed at NBAA also call for a transition to diesel power across Beechcraft’s piston line.

The first new product from a stand-alone Beechcraft could be an 8- to 11-seat Pratt & Whitney-powered single-engine turboprop that would use the composite fuselage of the Premier I light business jet. Other products would be positioned to fill in gaps between the Bonanza, Baron and King Air family, giving the company a complete range of light general aviation products topping out with the King Air 350.

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