Hawker

February 7, 2013 - 3:30pm

Pre-owned Hawker 700/800/900s are currently “significantly undervalued,” Brian Proctor of business jet broker and consultancy Mente Group said today at the NBAA Aircraft Finance, Registration and Legal conference in Bonita Springs, Fla. He contends that prices of these aircraft could potentially double (from current values, depending on the specific model) soon after Hawker Beechcraft exits bankruptcy later this month.

February 2, 2013 - 1:15am

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.

January 30, 2013 - 12:40pm

In ruling on a request by Hawker Beechcraft to “reject certain [warranty support] agreements related to the Hawker 4000 and Premier I and IA,” bankruptcy court judge Stuart Bernstein decided last week to grant the motion in part, and deny it in part.

January 3, 2013 - 2:35am

At an omnibus hearing on December 11, the progress of Hawker Beechcraft toward emerging from Chapter 11 bankruptcy protection moved ahead with court authorization to enter into the debtor-in-possession (DIP) amendment and to pay certain related fees and expenses.

December 18, 2012 - 2:45pm

JP Morgan is stirring the Hawker Beechcraft bankruptcy pot, suggesting in its December Aerospace and Defense: Balance of Power report that “acquisition of the company is still possible.” The financial services company named Embraer, Textron (parent of Cessna and Bell Helicopter) and General Dynamics (Gulfstream and Jet Aviation) as entities that might benefit from such a deal.

The analyst added, “We anticipate that other companies may be interested in acquiring Beechcraft if the price is right as we see a good strategic fit in several cases.”

December 12, 2012 - 6:00pm

Hawker Beechcraft Corp. (HBC) took another step toward emerging from Chapter 11 bankruptcy on Tuesday when it received authorization from the bankruptcy court to sell its remaining inventory of Hawker 4000s.

December 12, 2012 - 9:38am
Scott Plumb, Hawker Beechcraft v-p, jet sales, Europe, Middle East and Africa.

Another step toward Hawker Beechcraft emerging from Chapter 11 bankruptcy came yesterday when it received court authorization to sell its remaining inventory of Hawker 4000s. As part of its reorganization plan as a standalone company, Hawker Beechcraft is shutting down its business jet line and intends to sell 20 Hawker 4000s “for the best price possible, on an ‘as-is-where-is’ basis, with no warranty or support commitments.”

December 10, 2012 - 2:00pm
King Airs are now Hawker Beechcraft’s bread and butter, and the company brought three to MEBA 2012: a C90GTx, a 250 and a 350i.

Hawker Beechcraft Corp. (HBC) rolled up to MEBA 2012 with its full line of civil Beechcraft King Air twin turboprops over the past two days as it prepared for a key court hearing, taking place today in the U.S., probing whether it has to honor warranties on Hawker 4000s and Premier I jets if, as intended, it sells its Hawker jets business to rebrand as Beechcraft Corporation.

December 4, 2012 - 4:00pm

Hawker Beechcraft, which reported a $44 million net loss and $95 million negative cash flow in October, followed that filing with the bankruptcy court by reporting in a separate filing a sales forecast of $1.9 billion in 2013 as a new, standalone company following its emergence from bankruptcy in February.

 
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