Hawker Beechcraft Corporation (HBC) has appointed Ted Farid as sales vice president for the Asia-Pacific region, which spans all of North and South Asia, including India.
In a decision opening the way for Hawker Beechcraft to emerge from Chapter 11 bankruptcy in the second half of this month, the U.S. Bankruptcy Court approved the Wichita OEM’s joint plan of reorganization late Friday. “[This] ruling marks the final significant step in the restructuring process,” said Hawker Beechcraft CEO Steve Miller.
Hawker Beechcraft, which is displaying a King Air 350i this week at Aero India in Bangalore, continues to lead the turboprop market segment in India. Citing JetNet data, the company said 82 percent of the new turboprop business aircraft delivered into India from 2002 to 2011 were King Airs, while 83 percent of the total fleet of registered business turboprops in the country are King Airs. It has also cornered the turboprop market for state and federal organizations in India, with these operators flying more than 20 King Airs in the country.
Rusada has locked a contract with Hawker Beechcraft Global Customer Support (GCS) for the installation and support of its Envision MRO software across all of its Hawker Beechcraft Services facilities in the U.S.
“We are pleased to be extending our relationship with Hawker Beechcraft,” said Julian Stourton, CEO of Rusada. “Hawker Beechcraft has been using the Envision product for four years in its UK service center and concluded that the functionality and savings achieved by the software would be a great asset to its greater organization.”
The downsized Beechcraft that is expected to emerge from bankruptcy protection at the end of this month will retain and expand its services division, two senior Hawker Beechcraft Services (HBS) executives told AIN. There are no plans at this time to spin off Hawker Beechcraft Services into a separately owned company.
At press time Hawker Beechcraft was expected on January 31 to seek confirmation of its plan of reorganization from bankruptcy court, allowing the company to emerge [from bankruptcy] some time in February, which is when the name change to Beechcraft Corp. will also become effective.
With Hawker Beechcraft attempting to clear the final hurdle in Chapter 11 proceedings and emerge from bankruptcy, Judge Stuart Bernstein said earlier today that he would approve the joint plan of reorganization for all but one of the subsidiaries currently under Chapter 11 protection. Bernstein reserved judgment regarding the Hawker Beechcraft Corp.
Hawker Beechcraft, in what it hopes is the final phase of Chapter 11 bankruptcy proceedings, saw its employment level in Kansas drop to 3,372 as of December 31, triggering an automatic reduction in the annual incentive payment from the State of Kansas. In 2010 the company was granted $45 million in incentives by the state, based on an agreement to maintain employment in Kansas at 4,000.
Hawker Beechcraft key creditors voted “overwhelmingly” today to approve the Wichita-based OEM’s proposed Joint Plan of Reorganization as part of its efforts to emerge from bankruptcy.
VisionSafe has entered into an agreement with Banyan Air Service naming the MRO an emergency vision assurance system (EVAS) sales and service center for the Southeast U.S. EVAS is an FAA tested and certified system available for all turboprop and jet aircraft that displaces smoke, enabling pilots to see the flight path and instruments during an emergency.