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 11.24.14 ** HD iPad-Friendly -- Airborne 11.24.14 **
** Airborne 11.21.14 ** HD iPad-Friendly -- Airborne 11.21.14 **
** Airborne 11.19.14 ** HD iPad-Friendly -- Airborne 11.19.14 **

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

Airborne 11.21.14: AEA's 3Q/14 Report, Fantasy Of Flight, Modernizing The NAS

Also: Holland Wants Gold, FAA Strangling UAVs?, RAF WWII Trainer For Sale, Bf109s Live, Georgia v Aerospace Engineers The Aircraft Electronics Association has released its third-qu>[...]

Aero-News: Quote Of The Day (11.24.14)

“The NASA Student Launch – now in its 15th year – has engaged hundreds of students and educators in real-world scenarios that solve complex engineering challenges>[...]

Aero-TV: GOGO Business Aviation -- Communicating at the Speed of Flight

Airborne Communications Are One Of The Strengths Of Business Aviation At NBAA2014 ANN CEO and Editor-In-Chief, Jim Campbell, checked in on the world of airborne communication. Ther>[...]

Aero-News: Quote Of The Day (11.23.14)

"Reaching this stage that we call ATLO is a critical milestone. This is a very satisfying point of the mission as we transition from many teams working on their individual elements>[...]

R44 Helicopters Show Up In Iran

Reportedly Purchased Through 'Dealers' Despite Embargo An Iranian company has acquired four Robinson R44 helicopters despite international trade sanctions against that country due >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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