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-05.13.24

Airborne-NextGen-05.14.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

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

Classic Aero-TV: Remembering Bob Hoover

From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]

ANN FAQ: Follow Us On Instagram!

Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]

ANN's Daily Aero-Linx (05.15.24)

Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]

ANN's Daily Aero-Term (05.15.24):Altimeter Setting

Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]

Aero-News: Quote of the Day (05.16.24)

"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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