Hawker Beechcraft

In the wake of Hawker Beechcraft’s announcement that it plans to sell the company to Beijing-based Superior Aviation for $1.79 billion, certain aspects of the deal are raising eyebrows among skeptical industry watchers. A number of analysts quoted in multiple news reports have questioned the large sum being offered for the company, maintaining such an […]

Hawker Beechcraft on Monday announced an exclusivity agreement with Superior Aviation Beijing Co. in a deal that, if completed, will allow the Chinese-based company to acquire Hawker Beechcraft for a purchase price of $1.79 billion. Hawker Beechcraft reps say Superior intends to continue present operations at the debt-plagued company while also pouring investment into the […]

Hawker Beechcraft’s path to solvency will likely include a major decrease in bizjet production, according to a recent report by the Wichita Eagle. As part of its recent bankruptcy filing, Hawker Beechcraft submitted a “Project Flight” plan outlining three potential options for moving forward, all of which preserve the company’s piston, King Air and military […]

After seeking bankruptcy protection just last month, Hawker Beechcraft is exploring a variety of options to improve its position, including a sale of the company, according to a recent report in the Wichita Eagle. Potential buyers have until Thursday to submit their bids, in anticipation of Hawker Beechcraft’s submission of a detailed restructuring plan to […]

Hawker Beechcraft said it received orders for 11 airplanes – including three of its flagship Hawker 4000 super-midsize business jets, a Hawker 400XPR, six King Air 350i turboprops and a King Air 250 – during EBACE at Geneva International Airport in Geneva, Switzerland, last week. The total sales amount to more than $120 million, providing […]

The Hawker 400XPR engine test article made a successful first flight this week, paving the way for certification of the upgraded jet this September, Hawker Beechcraft announced. The dual Williams International FJ44-4A-32 engines slated to power the new 400XPR – announced last year – will provide 470 pounds of additional combined thrust over that provided […]

Hawker Beechcraft filed for bankruptcy on Thursday after reaching a restructuring agreement that will wipe out approximately $2.5 billion in debt and $125 million in annual cash interest liabilities. The plan includes $400 million in financing that the company says will allow it to continue meeting its financial obligations to its employees — Hawker Beech […]

Burdened by an enormous debt load and continuing weakness in the business jet market, Hawker Beechcraft last Friday reported losses of $632.8 million in 2011, more than double what the company lost in 2010 and the latest sign that it is on a rapid path toward bankruptcy. Revenue at Hawker Beechcraft last year reached $2.44 […]

Just days after announcing it has struck a deal with creditors to avoid defaulting on its loans, Hawker Beechcraft is said to be preparing for a “prearranged” bankruptcy filing, expected in the coming weeks, according to a Reuters news report. Hawker Beechcraft on Tuesday said it is negotiating with its largest lenders and has received […]

Hawker Beechcraft is celebrating its 80th anniversary with a full Beechcraft product line on display at the** Sun ‘n Fun International Fly-In** and Expo this week, which includes a G36 Bonanza with the completely overhauled interior design announced last fall. The upgrade, which is being phased into the Barons and Bonanzas this year, includes a […]