JP Morgan is stirring the Hawker Beechcraft bankruptcy pot, suggesting in its December Aerospace and Defense: Balance of Power report that “acquisition of the company is still possible.” The financial services company named Embraer, Textron (parent of Cessna and Bell Helicopter) and General Dynamics (Gulfstream and Jet Aviation) as entities that might benefit from such a deal.

The analyst added, “We anticipate that other companies may be interested in acquiring Beechcraft if the price is right as we see a good strategic fit in several cases.”

The report further notes that Hawker 4000 deliveries in 2012 are expected to total five, five fewer than in 2011. It also notes that the asking price for a used Hawker 4000 has fallen from just under $20 million in September 2009 to slightly less than $14 million in September this year.