Hawker Beechcraft Eyed As Potential Takeover Target | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 10.12.17

Airborne 10.16.17

Airborne 10.17.17

Airborne 10.18.17

Airborne 10.12.17

Airborne 10.13.17

Airborne-Unmanned 10.17.17

Airborne-YouTube

AMA 10.12.17

Airborne 10.16.17

Airborne 10.17.17

Airborne 10.18.17

Airborne 10.12.17

Airborne 10.13.17

Airborne-Unmanned 10.17.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Tue, May 15, 2012

Hawker Beechcraft Eyed As Potential Takeover Target

But Company Exec Says Any Such Talk Is Pure Speculation

Hawker Beechcraft’s bankruptcy reorganization could be seen as a chance for the company’s competitors to buy up parts of the struggling airframer, but the company says it will emerge as a stronger, debt-free industry player. Shawn Vick, executive vice president-customers said in an interview at EBACE "We're going to emerge as a strong, well-positioned, profitable company in the not-too-distant future."

Dow Jones reports that with $2.5 billion of debt, the company filed for Chapter 11 protection on May 3rd and expects to emerge in the last quarter of 2012. One of its first goals is to continue new product development, having fallen behind competing companies after the 2008 financial crisis.
 
Several holders of the company’s debt have agreed to do a debt for equity swap that will give them control, and they will put up$400 million so Hawker Beechcraft can continue to pay its suppliers. Goldman Sachs Capital Partners and Onex bought the company from Raytheon Co in 2007, and will retain token stakes once the restructuring is completed.

Vick address the issue of a potential leveraged buyout by saying "Do I expect interest from third parties? Yes, there's been interest from third parties," Vick said. "Am I going to be surprised if we're of interest to a variety of people who might view us as a strategic opportunity? No I won't be surprised at all because that's the way the world works." He added “There are always either financial buyers or strategic buyers looking for value opportunities. Anything's possible. To assume anything other than that isn't being realistic."

FMI: www.hawkerbeechcraft.com

Advertisement

More News

ANN's Daily Aero-Term (10.15.17): Nonapproach Control Tower

Nonapproach Control Tower Authorizes aircraft to land or takeoff at the airport controlled by the tower or to transit the Class D airspace. The primary function of a nonapproach co>[...]

Airborne-Unmanned 10.10.17: Boeing Buying Aurora, DJI Privacy Mode, UAS Delivery

Also: UAS Firefighting, Self-Driving Cars, Karma Drone Follows, Futuristic Unmanned Aircraft, 50-mile UTM Corridor Boeing has announced that it will acquire Aurora Flight Sciences >[...]

ANN FAQ: You Can Sponsor ANN And/Or Aero-TV!

Help ANN Grow So That We Can Be Of Greater Service To You! For the better part of a dozen years, ANN has set the pace for the growing and evolving aero-info revolution. No other ne>[...]

ANN's Daily Aero-Linx (10.16.17)

Aero Linx: The Combat Helicopter Pilots Association (CHPA) The Combat Helicopter Pilots Association (CHPA) was incorporated as a Non-Profit, 501 (c) 19 veterans organization in Was>[...]

AMA Drone Report 10.12.17: NTSB--Drone v Blackhawk, City Drops Reg, DJI Privacy

Also: PassengerDrone, FAA Reauthorization Extension, UAS Pilot Certification, Workhorse Surefly The NTSB is now offering public details of the alleged collision between a hobby dro>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC