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 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **

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

Classic Aero-TV: 26,000 Pounds of Heli-Beast -- The Cold War Air Museum’s Mi-24

Ugly To Many, But Incredibly Beautiful To Hard-Core Helo Fans ANN CEO and Editor-in-Chief, Jim Campbell visited the Cold War Air Museum's Mi-24 Russian helicopter at HAI a little o>[...]

Airborne 08.29.14: Google Drone!, Cessna's 10,000th, Bearhawk LODA

Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]

Aero-News: Quote Of The Day (09.01.14)

“We are delighted that construction of a world-class aerospace assembly facility is underway in Lafayette and that skilled Louisiana workers will be producing the standard-be>[...]

Annual Oshkosh 2014 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]

Klyde Morris (09.01.14)

Klyde Drones On... and On... FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC