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 08.20.14 ** HD iPad-Friendly -- Airborne 08.20.14 **
** Airborne 08.18.14 ** HD iPad-Friendly -- Airborne 08.18.14 **
** Airborne 08.15.14 ** HD iPad-Friendly -- Airborne 08.15.14 **

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

Barnstorming: Time Flies...

In Fond Remembrance Of My Dear Vicki, Five Years Since Her Loss Hi Folks... In the last five years, you and I have been through a lot. We've watched the fortunes of the aviation wo>[...]

Aero-TV: Honoring Our Legacy - Recrafting Paul’s Game-Changing Baby Ace

A Bit Of History Lovingly Restored To The Sport Aviation World ANN's Michael Maya Charles had to search around at EAA AirVenture 2014 to find this story. The Aeroplane Factory buil>[...]

ANN's Daily Aero-Linx (08.22.14)

International Fellowship of Flying Rotarians The International Fellowship of Flying Rotarians (IFFR) is a group of Rotarians dedicated to promoting Rotary and aviation as an opport>[...]

ANN's Daily Aero-Term (08.22.14): Feeder Facilities

Used by ATC to direct aircraft to intervening fixes between the en route structure and the initial approach fix.>[...]

Aero-News: Quote Of The Day (08.22.14)

"We pause to remember the life and legacy of an American hero. Bernie's life is an inspiration to those who met him and to all Airmen who will continue to hear his story. Source: C>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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