With aircraft orders booming and its business outlook steadily improving, Beechcraft still faces several questions about its future. One positive development is that the sale of the unwanted Hawker jet lines (the so-called Hawker assets) looks to be sealed, with serious negotiations now under way with a single potential purchaser.
“We are following the plan of reorganization as set out by the court to sell the Type Certificates, intellectual property, tooling and spares for the Hawker 4000 and Premier aircraft, along with Plant No. 3 in Wichita. This sale is dangerously close to being finished with a buyer in whom we have a lot of confidence, and I hope to close the deal this quarter,” says Beechcraft CEO Bill Boisture. He adds that Beechcraft will continue to own and support the other (Hawker) jets and will also support the aircraft it sells off, if the new owner wants to continue the relationship.
However, Boisture is less forthcoming about the latest reports that Beechcraft’s owners have put the company itself up for sale. “We don’t comment on rumors and speculation,” says Boisture, but asked to deny the specific report that Credit Suisse has been contracted to handle the sale, he hedges and falls back on the “rumors and speculation” line. Senior company officials have indicated that the Wichita workforce would first be informed and involved if any serious process is initiated.
[Editor’s note: This is a corrected version of an earlier article.]