NetJets Cancels 90 Percent Of HBC Order | 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-11.25.24

Airborne-AffordableFlyers-11.26.24

Airborne-Unlimited-11.20.24

Airborne Holiday

Airborne Holiday

Wed, Dec 16, 2009

NetJets Cancels 90 Percent Of HBC Order

Deliveries Were Not Scheduled Until 2011

The fractional jet company NetJets has cancelled 90 percent of its outstanding order with Hawker Beechcraft, HBC announced Tuesday. The move will have the effect of lowering HBC's backlog of orders for aircraft to about $3.5 billion.

HBC made the announcement in releasing its quarterly earnings and projections.

The Wichita Eagle reports that HBC said NetJets was not going to be a significant source of revenue in 2010, as all of the deliveries were not scheduled to begin until 2011. Over the course of the year, NetJets has cancelled orders for 12 aircraft with HBC, and deferred all deliveries to late 2010 at the earliest.

HBC expects to report an operation loss of up to $15 million for the 4th quarter of 2009, and an overall annual loss of $725-$740 million. The company said NetJets does not historically account for more than 10 percent of its annual revenue.

FMI: www.hawkerbeechcraft.com

Advertisement

More News

ANN's Daily Aero-Term (11.29.24): Estimated (EST)

Estimated (EST) When used in NOTAMs “EST” is a contraction that is used by the issuing authority only when the condition is expected to return to service prior to the e>[...]

ANN's Daily Aero-Linx (11.29.24)

Aero Linx: International Business Aviation Council (IBAC) IBAC promotes the growth of business aviation, benefiting all sectors of its industry and in all regions of the world. As >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Airborne 11.27.24: CAP Tragedy, Gulfstream Milestone, Van Celebrates His 85th

Also: ANN/Airborne Holiday Schedule, UT NG Gets New Apaches, UK Airport Reopening, Laser v Helo A Civil Air Patrol search and rescue training flight over steep and rugged terrain e>[...]

Aero-News: Quote of the Day (11.30.24)

“This revolutionary mission concept includes the capability to explore diverse locations to characterize the habitability of Titan's environment, to investigate how far prebi>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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