Aims To Concentrate On Building Planes

Hawker Beechcraft Corporation (HBC) told ANN Friday the planemaker will explore the possible divestiture of its domestic US fuel and line operations. HBC will retain its Hawker Beechcraft Services maintenance and customer support facilities located at these locations. 

"We have had strong interest in our fuel and line operations for several years," said Jim Schuster, chairman and CEO of Hawker Beechcraft Corporation. "We are committed to providing our Hawker Beechcraft customers with the finest quality products and exceptional maintenance, service and support. The prospective sale of our fuel business aligns well with our strategy to focus our investments in our maintenance and support operations."

HBC operates fuel and line service operations at seven domestic U.S. locations including: Atlanta, GA; Houston, TX; Indianapolis, IN; San Antonio, TX; Tampa, FL; Van Nuys, CA; and Wichita, KS. Operations in Little Rock, AR, Chester, United Kingdom and Toluca, Mexico will not be affected.

HBC has engaged Harris Williams to serve as its financial advisor and assist in the process. As a matter of policy, the company will not comment upon any proposals received or any rumors relating to the foregoing.

Hawker Beechcraft Corporation produces business, special-mission and trainer aircraft -- designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide.

FMI: www.hawkerbeechcraft.com