Close sidebar

Hawker Beechcraft ends Chapter 11 – but without bizjets?

written by australianaviation.com.au | October 23, 2012
A Hawker 4000

Wichita-based Hawker Beechcraft plans to exit Chapter 11 bankruptcy protection in the first quarter of 2013 as a standalone company after a potential deal with Chinese partner Superior Aviation Beijing Co fell through. The two companies failed to agree terms.

The future focus for Hawker Beechcraft will remain on high performance single and twin engine piston and turboprop aircraft, variants for the special mission market, and the T-6 and AT-6 military trainer and light attack aircraft.

However, the critical element missing from of the line-up is business jets. In a statement Hawker Beechcraft says:  “The company, in consultation with its key creditor constituents, is evaluating its strategic alternatives for the Hawker product lines, which could include a sale of some or all of the product lines, or a closure of the entire jet business if no satisfactory bids are received.”  Reflecting this, the company intends to rebrand itself merely as Beechcraft.

Advertisement
Advertisement

Hawker Beechcraft retains a windfall US$50 million non-refundable deposit from Superior Aviation.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Hawker Beechcraft ends Chapter 11 – but without bizjets?

written by australianaviation.com.au | October 23, 2012
A Hawker 4000

Wichita-based Hawker Beechcraft plans to exit Chapter 11 bankruptcy protection in the first quarter of 2013 as a standalone company after a potential deal with Chinese partner Superior Aviation Beijing Co fell through. The two companies failed to agree terms.

The future focus for Hawker Beechcraft will remain on high performance single and twin engine piston and turboprop aircraft, variants for the special mission market, and the T-6 and AT-6 military trainer and light attack aircraft.

However, the critical element missing from of the line-up is business jets. In a statement Hawker Beechcraft says:  “The company, in consultation with its key creditor constituents, is evaluating its strategic alternatives for the Hawker product lines, which could include a sale of some or all of the product lines, or a closure of the entire jet business if no satisfactory bids are received.”  Reflecting this, the company intends to rebrand itself merely as Beechcraft.

Advertisement
Advertisement

Hawker Beechcraft retains a windfall US$50 million non-refundable deposit from Superior Aviation.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Each day, our subscribers are more informed with the right information.

SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year