The newly formed Hawker Beechcraft announced its first fleet sale at EBACE in Geneva last month. NetJets Europe signed a contract for the purchase of 32 Hawker 4000 super-midsize jets. Deliveries of the aircraft are expected to begin next year and continue through 2016. The value of the contract, which includes maintenance, is more than $700 million.
Less than two months after completion of the sale of Raytheon Aircraft to the investment firms GS Capital Partners and Onex Partners for $3.3 billion, the newly formed Hawker Beechcraft announced its first fleet sale yesterday at EBACE.
Less than two months after completion of the sale of Raytheon Aircraft to the investment firms GS Capital Partners and Onex Partners for $3.3 billion, the newly formed Hawker Beechcraft Corp. announced its first fleet sale.
This seventh annual European Business Aviation Convention & Exhibition sees one of the industry’s veteran players celebrate both a distinguished history and a vital new beginning. Hawker Beechcraft Corp. marked the 75th anniversary of its Beechcraft roots on April 19, less than a month after the new company was created after parent Raytheon Aircraft was acquired by equity groups Onex Partners and GS Capital Partners for $3.3 billion.
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.
Raytheon Aircraft delivered 35 business jets and 27 King Airs in the second quarter of this year compared with the delivery of 28 jets and 22 King Airs in the same period last year, according to Raytheon’s quarterly financial report released this morning. The increase in jet shipments was solely the result of more deliveries of Hawker 400XPs.
Some requirements of certification flight testing are impossible to complete from the home airfield, no matter where that may be. In late March/early April, Raytheon Aircraft sent the second flight-test Hawker Horizon (RC-2) to Iqaluit, in Canada’s Nunavut Territory, for four days of cold-weather tests.
A Beech Starship has joined the world’s most famous flying boat and the “world’s fastest aircraft” on exhibit in an Oregon museum, thanks to a donation by Raytheon Aircraft. The three aircraft are among those displayed at the Evergreen Aviation Museum in McMinnville. The Starship joins Howard Hughes’ Spruce Goose, an SR-71 Blackbird and more than 50 other historic airplanes and helicopters at the nearly three-year-old museum.
Honda Aircraft officials have decided to outsource manufacture of major portions of the HondaJet, including the fuselage and wings. The company also reiterated its plans to equip the HondaJet with a Garmin avionics suite, naming Garmin the official supplier of a system “tailored for the HondaJet.”
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.