Although the second quarter of this year raised the order backlog at Hawker Beechcraft to a company record $5.1 billion, roughly double what it was at the same time last year, the realities of purchasing Raytheon’s aircraft division led to an operating loss of $36.6 million. Sales for the second quarter were down 10 percent from last year to $701 million, despite the fact the manufacturer delivered two more aircraft in the same period.
Although the second quarter of this year raised the order backlog at Hawker Beechcraft to a record $5.1 billion, roughly double what it was at this time last year, the realities of purchasing Raytheon’s aircraft division led to an operating loss of $36.6 million.
Holders of the Marquis Jet Card will have new restrictions requiring that they book flights further in advance during peak travel times due to unexpected growth in flying hours by NetJets share owners over the last year, according to NetJets chairman Richard Santulli. Marquis flights are operated under Part 135 by NetJets, or NetJets-approved charter operators, and Marquis owns about 10 percent of the NetJets’ fleet.
Fractional-ownership provider NetJets has placed an order for 50 AirCell ST 3100 Iridium satellite communication systems for its growing fleet of Raytheon Hawker 400XP light business jets.
The satellite phone systems will be installed at Raytheon Aircraft Services in San Antonio before aircraft delivery. A spokeswoman for Woodbridge, N.J.-based NetJets said the fractional operator expects the first 400XP delivery this month.
NetJets Europe tapped Signature Flight Support as its Europe-wide “preferred handler.” The agreement covers Signature FBOs in Belgium, France, Greece, Ireland, South Africa and the UK. NetJets Europe shareowners can still use any FBO or handler that they choose. “It’s not an exclusive agreement,” explained a Signature spokesman.
The UK’s Marshall Aerospace and NetJets Europe are expanding their agreement for support of the fractional’s Citation fleet. Marshall said it is spending £5 million ($9.9 million) to extend its facilities and add new services to its Cambridge base to support the Citations. The company’s new hangar and FBO will offer 24-hour service and support to NetJets, with an MRO capability and access to an expanded spares inventory.
The new owners of Hawker Beechcraft are starting on a high note. The company announced greatly improved first-quarter earnings last month, 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.
NetJets put some more distance between itself and mere market mortals at the Paris Air Show last month with an order for 96 new Cessna Citations valued at more than $1 billion.
NetJets, the founder of fractional aircraft ownership and the world’s biggest purchaser of business jets, put some more distance between itself and mere market mortals yesterday with an order for 96 new Cessna Citations valued at more than $1 billion.
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.