In a decision opening the way for Hawker Beechcraft to emerge from Chapter 11 bankruptcy later this month, U.S. Bankruptcy Court today approved the Wichita OEM’s joint plan of reorganization. “Today’s ruling marks the final significant step in the restructuring process,” said Hawker Beechcraft CEO Steve Miller. The company said that, as part of the reorganization, it will be rebranded Beechcraft Corp.
At press time Hawker Beechcraft was expected on January 31 to seek confirmation of its plan of reorganization from bankruptcy court, allowing the company to emerge [from bankruptcy] some time in February, which is when the name change to Beechcraft Corp. will also become effective.
With Hawker Beechcraft attempting to clear the final hurdle in Chapter 11 proceedings and emerge from bankruptcy, Judge Stuart Bernstein said earlier today that he would approve the joint plan of reorganization for all but one of the subsidiaries currently under Chapter 11 protection. Bernstein reserved judgment regarding the Hawker Beechcraft Corp.
Hawker Beechcraft, in what it hopes is the final phase of Chapter 11 bankruptcy proceedings, saw its employment level in Kansas drop to 3,372 as of December 31, triggering an automatic reduction in the annual incentive payment from the State of Kansas. In 2010 the company was granted $45 million in incentives by the state, based on an agreement to maintain employment in Kansas at 4,000.
As the economy slowly improves, the industry is again experiencing a shortage of technical personnel, and many MROs are finding that the demand for service exceeds their capacity to provide it. Chicago-based AAR has gone on the road recruiting for 200 technical positions in the Duluth, Minn. facility, and Premier Aviation of Trois-Rivieres, Canada, is also feeling the pinch.
The Boeing bargaining unit of the Society of Professional Engineering Employees in Aerospace (SPEEA) has set a date of February 4 for sending strike ballots to its members, union director Ray Goforth told AIN last Wednesday. Members of the Bargaining Unit Council (BUC), consisting of all the company’s “relevant” shop stewards, reached the decision on Tuesday night, during a meeting in which the council agreed to support the negotiating team’s rejection of the company’s “best and final offer.”
If you’re an aircraft mechanic and you love the outdoors, you might like to know that AAR is in Minneapolis today interviewing for positions at its Duluth, Minn. single-aisle MRO facility. AAR is holding walk-in interviews from 1 to 7 p.m. today at the Radisson Hotel Bloomington by Mall of America.
Unmanned aerial systems (UAS) will be sharing U.S. airspace with manned aircraft in the next couple of years, and it’s likely that the advent of these flying machines will mean more work for aircraft technicians.
The annual Aircraft Electronics Association Rate & Labor Survey showed that most respondents expect their businesses to grow this year and that rotorcraft work is increasing.
According to the survey, 56 percent of respondents (up from 49 percent last year) expect their level of business to grow during the coming year. Just 6 percent expected business to decrease, down from 15 percent in 2009 and 8 percent in 2010.
Avionics installation work that the companies expect to see includes retrofits of glass cockpits, ADS-B upgrades and Wi-Fi system installations.
AAR Aircraft Services is holding a Martin Luther King Day of Service job fair on January 21 from noon to 6 p.m. at its Indianapolis maintenance center. The company has 70 job openings for aircraft and avionics technicians, including 20 positions for lead technicians, supervisors and inspectors. AAR is also hiring for positions at facilities in Duluth, Minn.; Miami; Oklahoma City, Okla.; and Hot Springs, Ark.