Between Raytheon Aircraft becoming Hawker Beechcraft (HB) and delivering the Hawker 4000 and Cessna delivering the Mustang, 2007 is a big year in Wichita. But the two companies are also celebrating multiple birthdays this year.
The deal to sell Raytheon Aircraft to the investment duo GS Capital Partners and Onex Partners for $3.3 billion in cash was finalized March 26 after slightly more than three months of negotiations and legal hurdles. It marked the end of the OEM’s more than 25 years as a relatively small part of a $20 billion public corporation and the beginning of Hawker Beechcraft, a name strong on the company’s history and brands.
Four Raytheon Aircraft Services (RAS) technicians and two technicians from Hawker Aircraft Services have completed the training requirements for the FlightSafety International master technician designation.
Raytheon Aircraft signed a 10-year agreement with NetJets for the maintenance of the fractional-ownership operator’s fleet of Hawker 1000s, Hawker 800XPs and Hawker 400XPs. The contract includes options beyond the initial 10 years. Hawker 1000 and 800XP heavy maintenance will be performed at the Hawker Service Center in Little Rock, Ark. Maintenance for the Hawker 400XP will be done at Raytheon Aircraft Services in Tampa, Fla..
Cleveland-based fractional provider Flight Options yesterday announced three new buyer-incentive programs. Until December 16, buyers of a 3/32nd share (75 hours of annual usage) in a new Hawker 400XP will get an extra 25 occupied hours per year (a total of 100 hours) with no additional capital outlay. According to Flight Options, this equates to a savings of nearly $200,000.
Raytheon Aircraft’s Hawker Vision 2003, a program to completely revamp the production line for the Hawker 800XP, won the Kansas Team Quality award and will be one of two teams representing Kansas at the national competition in Seattle in May. The team reduced the Hawker production line from 12 to seven stations, cut cycle time from 60 days to 40 days and achieved a $19 million inventory reduction.
In an alarming disclosure, the FAA last month released figures showing that only about two-thirds of all U.S.-registered business jets have received approval to fly in RVSM airspace despite the planned nationwide implementation of the new operating rules less than two months from now.
Taking a quasi-Southwest Airlines approach, Cleveland-based fractional provider Flight Options last month announced a “go-forward” plan to rationalize its fleet over the next three to five years with the goal of simplifying operations, increasing fleet reliability and reducing overall costs. The move is a big gamble, however, since roughly half of the company’s shareowners are up for renewal in the next 18 months.
Marquis Jet is now marketing a 25-hour card that gives users access to 12.5 hours in each of two different aircraft types. The new card combines aircraft types with different seating and baggage configurations, amenities and distance capabilities. The company offers two different versions of the new card: a Citation Excel/Hawker 400XP combination and a Citation X/Citation Excel combo.
According to the NTSB, the Flight Options Beechjet 400A (N455CW) that experienced a dual flameout over the Gulf of Mexico on July 12 last year had a lower-than-normal amount of anti-icing additives in its tanks. Both Pratt & Whitney Canada JT15D turbofans failed as the twinjet was descending through 39,000 feet about 100 miles off Florida’s west coast.