Investors detest the thought of losing money. So one has to wonder what the future holds for struggling Hawker Beechcraft. Investment bank Goldman Sachs and Canadian buyout firm Onex Corp. paid a top-of-the-market price of $3.3 billion in 2007 to acquire the builder of business jets and general aviation and military turboprops from Raytheon. But a collapse in demand for business jets the following year created a flood of red ink that has yet to be stanched, despite progress in cutting costs and improving efficiency.
“I always wanted a Mustang, ever since I was a kid,” says Wagner, a Beechcraft Bonanza pilot who took a big step up in size and horsepower when he purchased the Rolls-Royce Merlin-powered P-51D in 2007....More