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 04.16.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.16.14 **
** Airborne 04.14.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.14.14 **
** Airborne 04.11.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.11.14 **

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

Aero-TV: Active Winglets -- Tamarack Aerospace Partners with Cessna

Innovative Aerodynamic Technologies Produce Game-Changing Results At the NBAA 2013 convention, ANN CEO and Editor-In-Chief, Jim Campbell had a chance to talk with Tamarack Aerospac>[...]

ANN's Daily Aero-Linx (04.16.14)

Seawings The largest flying boat reference web site and home of the flying boat -- in detail -- on the web; specializes in providing information for the scale modeler in the form o>[...]

ANN's Daily Aero-Term (04.16.14): Density Altitude

Pressure altitude corrected for nonstandard temperature. Density altitude is used in computing the performance of an aircraft and its engines.>[...]

Aero-News: Quote Of The Day (04.16.14)

“This upgrade is an important step in laying the foundation for the NextGen system, which provides controllers a much more precise view of the airspace, gives pilots much mor>[...]

ANN FAQ: ANN's News Portal Syndication Program

Get A Customized ANN News Portal For YOUR Website! As we promised, the ever-so-busy software geeks at ANN have been working overtime on a number of cool new tools and toys... and t>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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