NBAA: Hawker Beechcraft describes possible fate of jet products

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Hawker Beechcraft will seek to halt production of the Hawker 900XP, 700 and 400XP, and transfer support of the Hawker 4000 and Premier 1 aircraft as part of its restructuring, says chairman Bill Boisture.

The Wichita-based manufacturer asked the US bankruptcy court in an amended filing for permission to transfer its mid-size and light jets - the 900XP, 700 and 400XP - into out-of-production status, but all aircraft warranties and service requirements will continue to be supported.

But the super mid-size Hawker 4000 and light Premier 1 will be cut off of direct support from the post-bankruptcy Beechcraft, if the court grants permission, Boisture adds.

Meanwhile, Hawker Beechcraft will try to find buyers for the support and production business of the Hawker 4000 and Premier 1, he says. One of the possible ownership models is an acquisition by Hawker 4000 operators, similar to the Eclipse take-over by a group of the very light jet's buyers, Boisture says.

Hawker Beechraft filed for bankruptcy on May 3, but spent from July to October negotiating with Superior Aviation Beijing on a $1.79 billion take-over deal. The talks collapsed earlier this month, prompting Hawker Beechcraft to propose its original strategy to emerge from bankruptcy as a stand-alone company focused on turboprops and piston-powered aircraft.

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