Hawker Beechcraft has appointed India’s InterGlobe Enterprises, owner of low-cost carrier IndiGo, to be its sales and servicing agent in India effective July 1.
Hawker Beechcraft has signed a multi-year contract with Satyam Computer Services, India’s fourth-largest software exporter, to provide design and other services.
Selected for its aerospace engineering experience, Satyam will enable Hawker Beechcraft to streamline its engineering operations and “respond more quickly to business opportunities,” the U.S. airframe manufacturer said.
Hawker Beechcraft Corp. is here for the first time in its new form, since Onex Partners and GS Capital Partners acquired the company from Raytheon. On the static display, it is exhibiting several business aircraft, including three jets–a Hawker 4000, a Hawker 850XP and a Beechcraft Premier IA–and a Beechcraft King Air 350ER turboprop.
The new owners of Hawker Beechcraft are starting on a high note. The company announced greatly improved first-quarter earnings last week, with net sales in the first quarter of this year up 32.3 percent from the same period a year ago, to $667.8 million. Hawker Beechcraft delivered 60 turbine aircraft in the first three months of this year, placing it second overall in terms of units shipped.
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.