31 Oct '12, 7am

Robb Report Private Aviation Sourcebook: Over the Rainbow

Robb Report Private Aviation Sourcebook: Over the Rainbow

After a short boom following its re-formation in 2007, Hawker Beechcraft has struggled in the past few years. Equity firms Goldman Sachs and Onex Partners pieced together the company from Raytheon Aircraft through a $3 billion-plus deal in which the new brand issued a large amount of debt. The weight of that debt burdened the company during and following the recession. In the last four years, Hawker Beechcraft laid off nearly half of its roughly 10,000 employees. In May, to reduce some of its debt, the company filed for Chapter 11 bankruptcy protection. In July, Hawker Beechcraft announced it was undergoing funding negotiations with China’s Superior Aviation Beijing Co. At press time, the details of those negotiations were unclear. In June, however, Hawker Beechcraft executive vice president Shawn Vick noted the success of Hawker Beechcraft’s XPR Performance Upgrades progr...

Full article: http://robbreport.com/Aviation/Robb-Report-Private-Aviati...

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