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Hawker Beechcraft Filing Bankruptcy  
User currently offlineordpia From United States of America, joined Jan 2006, 140 posts, RR: 1
Posted (2 years 5 months 1 week 14 hours ago) and read 2829 times:

http://news.yahoo.com/exclusive-hawk...ptcy-filing-sources-192346587.html

News just out tonight. They hope to continue production.


Concorde 146 727 737 73G 742 744 752 753 762 763 772 773 300 319 320 321 343 346 CRJ ERJ ATR ATP CL604 LJ45 LJ60 BD700
6 replies: All unread, jump to last
 
User currently offline26point2 From United States of America, joined Mar 2010, 821 posts, RR: 0
Reply 1, posted (2 years 5 months 1 week 13 hours ago) and read 2627 times:

Looks like they get a 90 day reprieve from debtors. I wish them luck.

http://www.ainonline.com/aviation-ne...echcraft-gets-90-day-debt-reprieve


User currently offlineAngMoh From Singapore, joined Nov 2011, 485 posts, RR: 0
Reply 2, posted (2 years 5 months 1 week 11 hours ago) and read 2435 times:

They hired Steve Miller as CEO. Every company he managed has gone through bankruptcy - that is his method of turning around a business. The moment his name is mentioned, chapter 11 is guaranteed to follow. The bloodletting will start soon, that is always the next step...

User currently offlinewedgetail737 From United States of America, joined Aug 2003, 5902 posts, RR: 6
Reply 3, posted (2 years 5 months 1 week 10 hours ago) and read 2308 times:
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That's really not good for the city of Wichita. First, they will lose Boeing next year...then Hawker Beechcraft will file for bankruptcy protection.

User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5423 posts, RR: 7
Reply 4, posted (2 years 5 months 1 week 7 hours ago) and read 2072 times:

The company is owned by Goldman Sachs, so money will be available to them if they can make a good business case for additional investment.


I love long German words like 'Freundschaftsbezeigungen'.
User currently offlinemacsog6 From Singapore, joined Jan 2010, 530 posts, RR: 0
Reply 5, posted (2 years 5 months 6 days 22 hours ago) and read 1697 times:
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Quoting wedgetail737 (Reply 3):
That's really not good for the city of Wichita

Wichita is truly undergoing a very difficult time. Years ago it was the insurance liability on general aviation, then fuel prices, and ultimately the government's hostile attitude towards business aircraft, particularly business jet aircraft. It has hurt not only Beech, but Cessna and Lear (as they are commonly called) and the infrastructure that supports them. This pain has extended well beyond Sedgwick County, but Wichita seems to be the epicenter of all this.

As an old Beechcrafter, I hope they come out of this stronger as the industry needs the Beech products.



Sixty Plus Years of Flying! "I fly because it releases my mind from the tyranny of petty things." - Saint Ex
User currently offlineusdcaguy From United States of America, joined Jan 2004, 965 posts, RR: 2
Reply 6, posted (2 years 5 months 6 days 21 hours ago) and read 1646 times:

So what's the story behind the economics of the 1900? Why is it we aren't seeing Hawker/Beechcraft coming out with new products for commercial carriers? They seem to have put all their eggs in the private aircraft basket while the industry could use more variety in terms of commercial offerings.

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