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-09.15.25

AirborneNextGen-
09.09.25

Airborne-Unlimited-09.10.25

Airborne-AffordableFlyers-09.11.25

AirborneUnlimited-09.12.25

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

NTSB Final Report: Evektor-Aerotechnik A S Harmony LSA

Improper Installation Of The Fuel Line That Connected The Fuel Pump To The Four-Way Distributor Analysis: The airplane was on the final leg of a flight to reposition it to its home>[...]

ANN's Daily Aero-Term (09.15.25): Decision Altitude (DA)

Decision Altitude (DA) A specified altitude (mean sea level (MSL)) on an instrument approach procedure (ILS, GLS, vertically guided RNAV) at which the pilot must decide whether to >[...]

Aero-News: Quote of the Day (09.15.25)

“With the arrival of the second B-21 Raider, our flight test campaign gains substantial momentum. We can now expedite critical evaluations of mission systems and weapons capa>[...]

Airborne 09.12.25: Bristell Cert, Jetson ONE Delivery, GAMA Sales Report

Also: Potential Mars Biosignature, Boeing August Deliveries, JetBlue Retires Final E190, Av Safety Awareness Czech plane maker Bristell was awarded its first FAA Type Certification>[...]

Airborne 09.10.25: 1000 Hr B29 Pilot, Airplane Pile-Up, Haitian Restrictions

Also: Commercial A/C Certification, GMR Adds More Bell 429s, Helo Denial, John “Lucky” Luckadoo Flies West CAF’s Col. Mark Novak has accumulated more than 1,000 f>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC