Beech Readies To Sell Hawker Jet Division

AINalerts » May 16, 2013
May 16, 2013, 3:30 PM

Beechcraft, which recently emerged from bankruptcy protection and is now focused on its piston and turboprop products, expects to sell its mothballed jet division in the coming months. According to CEO Bill Boisture, the company has already completed disposition of its remaining inventory of approximately 20 new and pre-owned Hawker 4000 and Premier IA jets, a move he said went “better than planned,” though he declined to offer details about the revenue derived from their sale.

But there are still bits and pieces of the jet business that remain, among them a number of Hawker 900 fuselages and wings that were being built by Airbus at its facilities in Broughton, UK. “They’ve stored the work in progress and the tooling and it will be sold, but the disposition is up to the buyer,” said Boisture.

Also yet to be sold is Beechcraft’s facility in Little Rock, Ark. “We have a month-to-month agreement to retain the facility to sell to a long-term tenant as a function of selling the total Hawker assets,” Boisture told AIN.

As for a return to building business jets at some future date, he described it as “off the table for the time being.” At the same time, he said, “There are some business jet markets in which we hold some strong positions and we will invest in them and protect them from competition for the future of our company.”

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