Hawker Beechcraft, which is in the process of restructuring under U.S. Chapter 11 bankruptcy protection, posted a $33.8 million net loss on sales totaling $149.9 million last month. In documents filed with the U.S. Bankruptcy Court in New York earlier this week, the company reported spending $1.5 million on restructuring costs, $5.4 million on reorganization items and $8.8 million on research and development.
Raymond Conner has been promoted to president and CEO at Boeing Commercial Airplanes; previously he was senior v-p of sales and customer support for commercial airplanes. He succeeds James Albaugh, who will retire in October.
Embraer Executive Jets has tapped Jay Beever, previously new product interior design manager at Gulfstream, as v-p of interior design.
Sir Ralph Robins, formerly CEO and executive chairman of Rolls-Royce, has been named non-executive chairman of UK-based global aviation services provider Gama Group.
Boeing’s well-documented development struggles with the new 787 Dreamliner raised questions over the wisdom of its plan to reduce the number of its suppliers and to place more responsibility with them for design and management of their own supply chains.
NBAA’s No Plane-No Gain information campaign was created several years ago to combat the image of business aircraft portrayed in mainstream media as the private conveyances for top-level company executives heading to a teetime.
Hawker Beechcraft yesterday secured more time to solve its debt problems through a restructuring plan, with lenders granting a 90-day forbearance agreement. The move staves off the immediate threat of a filing for Chapter 11 bankruptcy protection–a move that has been widely expected by industry analysts.
The manufacturer, which is owned by Onex and GS Partners (a division of investment banking giant Goldman Sachs), announced it had “reached an agreement with certain lenders that will provide the company with approximately $120 million of additional liquidity.”
Hewlett-Packard signed up for the Gray Stone Advisors aviation performance dashboard two years ago, according to Rich Walsh, HP’s director of global resiliency and aviation. Walsh is a Gulfstream V captain and flies 150 to 200 hours a year. “I’m a liaison with corporate and I have accountability for the spending in this department, the variances and process improvements,” he said.
Nordam has named Jeff Chalupa general manager of domestic operations for its transparency division. In his new role Chalupa will oversee engineering, production, operations, supply chain and purchasing, maintenance, quality and customer program management. His emphasis will be on leading growth, development and technology enhancement. Chalupa joined Nordam in 2007 in a management capacity and has held positions of increasing leadership since that time.
AAR has expanded its distribution network for original Unison aerospace components to better serve aircraft operators and repair facilities in Europe. AAR, an exclusive supplier of aerospace parts for the Unison distribution channel, is adding inventory at its European Distribution Center located near Amsterdam Schiphol Airport. The new inventory includes turbine ignition systems, engine-dedicated alternators, sensors, switches and wiring harnesses.
Addison, Texas-based King Aerospace Commercial Corporation (KACC), has developed a broader business strategy after taking a close look at today’s market and changes to the industry in recent years.
Completion and refurbishment specialist Pats Aircraft Systems, has executed the final steps in a restructuring agreement with its lenders that formally establishes the Georgetown, Del.-based center as “a fully capitalized, stand-alone company with a significantly reduced debt structure.”