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 -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.19.16

Airborne 09.20.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.19.16

Airborne 09.20.16

Airborne 09.21.16

Airborne 09.22.16

Airborne 09.23.16

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

AeroSports: EAA Surpasses 200,000 Members

The Association Continues To Grow And Engage Flying Enthusiasts EAA has reached a major milestone, as the association has surpassed 200,000 members. It appears that more and more p>[...]

Klyde Morris (09.26.16)

Klyde Can't Miss The 'TSA Obnoxious Olympics' FMI: www.klydemorris.com>[...]

Airborne 09.23.16: GA Pilot Sues SFO, Drone Legalities, EAA Hall Of Fame

Also: Zenith Open Hangar Days, KSMO Nonsense, Recalled Devices, Piper M600, 800th TBM, NASAO, Commercial Space The pilot of the last piston airplane based at San Francisco Internat>[...]

Aero-News: Quote of the Day (09.26.16)

"At this stage of the investigation, preliminary review of the data and debris suggests that a large breach in the cryogenic helium system of the second stage liquid oxygen tank to>[...]

SpaceX On Track To Determining AMOS-6/Falcon 9 Accident Cause

'Anomaly' Resulted In Loss of Rocket, Payload and Extensive Launch Complex Damage As promised, SpaceX is starting to reveal details of their investigation into the catastrophic los>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC