Beechcraft Hopes To Close Sale Of Jet Business By Year's End | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

 Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Mon, Dec 16, 2013

Beechcraft Hopes To Close Sale Of Jet Business By Year's End

Company Says It Is In 'Final Stages' Of Negotiations

Beechcraft says it is in the "final stages" of negotiations with a buyer for its Hawker 4000 and Premier business jet assets, and officials say they are hopeful a deal can be closed by the end of the year.

Beechcraft CEO Bill Boisture (pictured) said that attorneys for the two parties are reviewing the legal documents "to get agreement of a last few key points" according to a report in the Wichita Eagle.

The sale would include Beechcraft's Plant 3 facility in Wichita, which the unnamed buyer reportedly plans to use for composite component manufacturing rather that full airplane assembly. Boisture said he does not think that building airplanes is in the buyer's long-range plans.

The assets are being sold as part of Beechcraft's restructuring under Chapter 11. Hawker Beechcraft emerged from bankruptcy in February as Beechcraft Corporation, with a focus on piston, turboprop, and military airplanes along with aftermarket support.

FMI: www.beechcraft.com

Advertisement

More News

ANN's Daily Aero-Term (05.05.24): Omnidirectional Approach Lighting System

Omnidirectional Approach Lighting System ODALS consists of seven omnidirectional flashing lights located in the approach area of a nonprecision runway. Five lights are located on t>[...]

Aero-News: Quote of the Day (05.05.24)

"Polaris Dawn, the first of the program’s three human spaceflight missions, is targeted to launch to orbit no earlier than summer 2024. During the five-day mission, the crew >[...]

Airborne 05.06.24: Gone West-Dick Rutan, ICON BK Update, SpaceX EVA Suit

Also: 1800th E-Jet, Uncle Sam Sues For Landing Gear, Embraer Ag Plane, Textron Parts A friend of the family reported that Lt. Col. (Ret.) Richard Glenn Rutan flew west on Friday, M>[...]

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Also: Virgin Galactic, B-29 Doc to Allentown, Erickson Fire-Fighters Bought, FAA Reauthorization After dealing with a big letdown after the unexpected decision by Skyreach to disco>[...]

Aero-News: Quote of the Day (05.06xx.24)

“Our aircrews are trained and capable of rapidly shifting from operational missions to humanitarian roles. We planned to demonstrate how we, and our BORSTAR partners, respond>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.08.24: Denali Update, Dad-Daughter Gyro, Lake SAIB

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Airborne 05.06.24: Gone West-Dick Rutan, ICON BK Update, SpaceX EVA Suit

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC