ordpia
Topic Author
Posts: 127
Joined: Fri Jan 13, 2006 1:30 pm

Hawker Beechcraft Filing Bankruptcy

Wed Mar 28, 2012 10:58 pm

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 GIV GV G650
 
26point2
Posts: 864
Joined: Wed Mar 03, 2010 6:01 am

RE: Hawker Beechcraft Filing Bankruptcy

Thu Mar 29, 2012 12:07 am

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
 
AngMoh
Posts: 802
Joined: Fri Nov 04, 2011 5:03 am

RE: Hawker Beechcraft Filing Bankruptcy

Thu Mar 29, 2012 2:06 am

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...
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wedgetail737
Posts: 3807
Joined: Mon Aug 04, 2003 8:44 am

RE: Hawker Beechcraft Filing Bankruptcy

Thu Mar 29, 2012 2:42 am

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.
 
masseybrown
Posts: 4551
Joined: Wed Dec 11, 2002 2:40 pm

RE: Hawker Beechcraft Filing Bankruptcy

Thu Mar 29, 2012 5:37 am

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.
 
macsog6
Posts: 218
Joined: Wed Jan 27, 2010 6:25 pm

RE: Hawker Beechcraft Filing Bankruptcy

Thu Mar 29, 2012 3:15 pm

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 avatar
usdcaguy
Posts: 1091
Joined: Mon Jan 26, 2004 12:41 pm

RE: Hawker Beechcraft Filing Bankruptcy

Thu Mar 29, 2012 3:41 pm

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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