Kansas

August 16, 2012 - 3:40pm
Hawker Beechcraft King Air 250

Citing its own research and that of Corporate Jet Investor in the UK, Hawker Beechcraft expects strong growth in demand for business aviation financing in Brazil over the next five years.

The Wichita-based OEM said the study reveal that, in Brazil, 46.9 percent of experts anticipate demand for business aviation financing to increase “dramatically between now and 2017,” and 40.6 percent expect only a slight increase. Only China has higher expected growth, Hawker Beechcraft noted.

August 16, 2012 - 3:20pm

Superior Aviation Beijing Co. Ltd., the Chinese company vying to buy Hawker Beechcraft, has hired Washington, D.C.-based lobbying firm Locke Lord Strategies to represent it on “aviation issues” in the U.S. Capitol. Locke Lord is also providing legal advice to Superior as it works to finalize its $1.79 billion deal for the Wichita-based aircraft manufacturer. According to the lobbying registration report, Locke Lord partners Phil Rivers, Mark Siegel and Shane Doucet, as well as senior policy adviser Walter Smith Jr., are handling the account.

August 16, 2012 - 10:55am
Hawker Beechcraft Premium Jet signing

Wichita, Kan.-based aircraft manufacturer Hawker Beechcraft predicts strong growth in demand for business aviation financing in Brazil over the next five years, based on research it conducted with Corporate Jet Investor of Surrey, England.

August 8, 2012 - 2:09pm

As part of AIN Publication’s annual survey of users of business aviation, we asked qualified subscribers of Aviation International News, our monthly print publication, to identify "specific individuals for going above and beyond when it comes to product/customer support" of aircraft, engines and avionics, and to explain why they deserve special recognition.

August 2, 2012 - 4:25pm

Registration is now open for the 16th annual Bombardier Safety Standdown, which will be held October 8 to 11 in Wichita. Bombardier offers the seminar at no charge to attendees, but space is limited and registration is required.

July 31, 2012 - 3:34pm
Bombardier To Halt Learjet 60 Production

Bombardier Aerospace will temporarily cease production of the Learjet 60XR later this year due to flagging demand for the $13.71 million eight-passenger twinjet, the company announced to employees at its Wichita facility late last week. Though the “production pause” will start late in the fourth quarter, “We will continue delivering Learjet 60XRs into 2013 and we will be honoring all orders for the airplane,” a Bombardier spokeswoman told AIN.

July 17, 2012 - 4:45pm

Despite objections from the International Association of Machinists and Aerospace Workers (IAM), the U.S. Bankruptcy Court for the Southern District of New York today approved Hawker Beechcraft’s motion to enter into exclusive negotiations with Superior Aviation Beijing Co. The proposed deal was announced early last week, but required a judge’s approval to proceed.

July 11, 2012 - 4:40pm

Reactions have been heavily mixed in the wake of Monday night’s announcement that Superior Aviation of Beijing, China, has agreed to acquire financially troubled Hawker Beechcraft, minus its Hawker Beechcraft Defense Company (HBDC) division, for $1.79 billion. The majority of business aviation analysts contacted by AIN believe the Chinese firm is overpaying for the Wichita, Kansas-based aircraft manufacturer, which is in Chapter 11 bankruptcy protection.

July 10, 2012 - 2:51pm
Kansas Gov. Sam Brownback

Reactions have been mixed in the wake of yesterday’s announcement that Superior Aviation of Beijing, China, has agreed to acquire financially troubled Hawker Beechcraft, minus Hawker Beechcraft Defense Co. (HBDC) for $1.79 billion. “I have no idea why Hawker Beechcraft would be worth $1.8 billion without its defense side,” Teal Group vice president of aerospace analysis Richard Aboulafia told AIN. “Given the money needed to reorganize, that’s a very high price.”

July 9, 2012 - 5:10pm

Late last night, Hawker Beechcraft announced that China-based Superior Aviation Beijing Co. has signed an “exclusivity agreement” to buy the whole U.S. aircraft manufacturer, minus its defense business. Hawker Beechcraft filed for U.S. Chapter 11 reorganization in May and just last week outlined a framework to exit this protection by year-end. Part of this plan included a potential sale, which is now the likely outcome.

 
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