Hawker Beechcraft today announced that it is planning to move forward from bankruptcy as a standalone company, negating a deal that was in the works with China’s Superior Aviation Beijing Co. While the company is walking away with a $50 million non-refundable deposit from Superior, Hawker Beechcraft’s CEO Robert S. “Steve” Miller said: “We are disappointed that the transaction did not come to fruition.”
The company plans to rename itself Beechcraft Corporation. The omission of the Hawker name is a clear statement of the intent to focus on its piston, turboprop and trainer/attack aircraft. Final plans for the Hawker business jets are still being evaluated, but the company said the jet line will likely be sold or discontinued.
