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.
The U.S. Navy awarded a contract to BAE Systems valued at $400 million over five years to maintain T-34, T-44 and T-6 training aircraft. BAE’s Aerospace Solutions business, based in Fort Walton Beach, Fla., will perform scheduled inspections, repairs, modifications and logistical support of more than 300 aircraft operated by the Chief of Naval Air Training.
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.
Sierra Industries has added a new maintenance facility at San Antonio International Airport. The site might fill the void left by the closure of a Hawker Beechcraft factory service center. Sierra CEO Mark Huffstutler said, “Since our earliest days we have dedicated ourselves to taking the best legacy aircraft and making them better.
Hawker Beechcraft’s King Air twin-turboprops continue to take the lion’s share of the Middle East turboprop business market, accounting for more than 70 percent of sales over the last three years. However, the type’s good endurance, configuration, capacious cabin and attractive operating economics have also made it a natural platform for a wide variety of special tasks, and many hundreds have been converted for special missions during the type’s long career.
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.”
The Middle East is continuing its trend in the growth of new aircraft deliveries, according to data released here at MEBA 2012 by Wichita-based aircraft manufacturer Hawker Beechcraft Corp. (HBC Chalet A12), which says it is picking up a good proportion of new orders for turboprops.
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.
Qatar’s Rizon Jet (Stand 340) is eyeing business from all Gulf Cooperation Council (GCC) states, expanding its aircraft maintenance services and building up its aircraft trading and management offering, while preparing the ground for a move to the new Doha Airport and the establishment of an FBO at Paris Le Bourget airport.
With bankruptcy court approval yesterday of Hawker Beechcraft’s disclosure statement filed with its joint plan of reorganization (POR), the company’s emergence from Chapter 11 appears to be accelerating. The court’s move allows Hawker Beechcraft to begin soliciting approval of the POR from its creditors.