Hawker Beechcraft

Hawker Beechcraft has received an order for up to 12 Hawker 800XPRs from San Francisco-based charter operator XOJET. The agreement includes a firm order for seven aircraft, slated to be delivered next year, with the option for five additional airplanes.The deal constitutes a potential $50 million sale for Hawker and is the result of steady […]

Hawker Beechcraft has received approval from a U.S. bankruptcy court to reorganize as a smaller, stand-alone company that will focus on the market for turboprop and piston airplanes. The plan calls for the company to emerge from bankruptcy under the name Beechcraft Corp. in February with a renewed emphasis on its King Air, Baron, Bonanza […]

Hawker Beechcraft will cut about 410 jobs at four locations as it seeks to reemerge from bankruptcy as a smaller company. Top officials informed employees of the cuts in a letter sent out on Wednesday. The reductions are part of a process that will involve closing the Hawker Beechcraft Services facilities in Little Rock, Arkansas, […]

After Hawker Beechcraft last week revealed plans to resuscitate its ailing business by shedding its jet product portfolio and focusing on a line of revitalized piston and turboprop models, a big unanswered question centered on where the bankrupt company would find the funding to develop and certify not just one but as many as four […]

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 […]

A bankruptcy judge has rejected a proposal to give eight top Hawker Beechcraft executives up to $5.3 million in bonuses, ruling the plan would reward them merely for staying at their jobs. The judge in the case said the plan amounted to retention incentives, and did not meet legal standards that require “challenging goals” before […]

A U.S. bankruptcy judge on Tuesday heard a claim by Pilatus alleging that Hawker Beechcraft owes the Swiss company more than $1 million in royalties for the use of a Pilatus design for the airframe of Hawker Beech’s T-6/AT-6 military trainers. Based on the Pilatus PC-9, the trainer has been used as the platform for […]

Hawker Beechcraft has issued pink slips to 170 hourly and salary workers as the bankrupt company continues exclusive talks with Chinese-based Superior Aviation regarding a potential sale of the storied American manufacturer. The layoff notices – which gave the affected employees 60 days notice – were issued to workers at Hawker Beechcraft’s Little Rock facility […]

A federal judge is weighing whether to allow up to $5.3 million in bonuses for eight senior Hawker Beechcraft executives after the company’s union and federal regulators criticized the payouts as a money grab. The court has approved an exclusivity agreement with Superior Aviation Beijing allowing Hawker Beechcraft to sell the company to the Chinese […]

As Hawker Beechcraft enters into exclusive talks with Beijing-based Superior Aviation over a potential sale of the American manufacturer, Hawker Beech lawyers are asking the bankruptcy court to grant bonuses for a number of top company execs. The bonuses are intended for a group of senior management that includes Hawker Beechcraft’s chairman, executive VP and […]