Comments Off on Hawker Beechcraft may split

Hawker Beechcraft may split

| Business Aviation, Hawker Beechcraft | 2012/10/22

Hawker Beechcraft plans to emerge from Chapter 11 bankruptcy protection as a standalone company.  Talks between Hawker Beechcraft and Superior Aviation Beijing Co. have ended without agreement.

The company has now announced plans to emerge from Chapter 11 protection as Beechcraft Corporation. A letter to customers signed by Hawker Beechcraft chairman Bill Boisture and executive vice president Shawn Vick said the company’s main goal is to ensure the company completes reorganization “in a strong operational and financial position.”

That may leave it without Hawker product lines “or a closure of the entire jet business,” as a result of strategic or financial considerations. The company says it will focus on other holdings, including piston lines and refurbishments, which are seen to “have high growth potential.”

“In consultation with its key creditor constituents,” the letter says, the company is “evaluating its strategic alternatives for Hawker product lines” (emphasis added). Specifically, that could include sale of some or all associated product lines. If no suitable bids are received, the jet lines could be shuttered altogether. The company says it will focus instead on those areas it has identified as having high growth potential. That includes turboprop, piston, special mission and trainer/attack aircraft as well as parts, maintenance, repairs and refurbs. While the company’s discussions with Superior are over, it still retains a $50 million deposit from the company, which it says is “now fully non-refundable” and the property of Beechcraft. The company says it has sufficient liquidity to complete its restructuring and has announced that it will develop and file a Joint Plan of Reorganization which will be the subject of a hearing on Nov. 15, 2012.

Comments Off on Hawker 400XPR Engine Test Article Completes First Flight

Hawker 400XPR Engine Test Article Completes First Flight

| Business Aviation, FJ44, Hawker Beechcraft, Williams International | 2012/05/10

 Hawker 400XPR Engine Test Article Completes First Flight 

WICHITA, Kan. (May 7, 2012) – Hawker Beechcraft Global Customer Support (GCS) today announced the successful first flight of the Hawker 400XPR engine test article. This was the first flight of an upgraded aircraft with new Williams International FJ44-4A-32 engines.

The Hawker 400XPR upgrade combines the increased power of the Williams International FJ44-4A-32 engines with the superior aerodynamics of genuine Hawker Winglets. Also available are optional Rockwell Collins Pro Line 21™ avionics and a number of system enhancements that significantly improve performance, operating cost and resale value. The company anticipates certification in September 2012.

“The first flight of the Hawker 400XPR engine test article is a major milestone and significant achievement for our design and production teams,” said Christi Tannahill, senior vice president, Hawker Beechcraft GCS. “Hawker Beechcraft and its partners spent countless hours and great effort to ensure the Hawker 400XPR exceeds the needs our customers require in their light-jet aircraft. We continue to see great demand for this upgrade in the market and look forward to certification and deliveries commencing later in the year.”

Hawker Beechcraft offers customized XPR upgrade packages for existing Hawker/Beechjet 400 owners as well as XPR Factory Completed Aircraft for those who do not currently own an aircraft. Both the XPR upgrade and Factory Completed Aircraft include performance, cost and reliability enhancements that are available only through Hawker Beechcraft. Importantly, the enhancements are the exclusive factory-designed, engineered and supported upgrades available for the Hawker/Beechjet 400.