Beechcraft May Have Sale For Composite Business
The possible pending sale of the assets of the jet business of the former Hawker Beechcraft Corporation likely means the end of the jet line according to a published report. CEO Bill Boisture told the Wichita Eagle sale of the jet assets, which were orphaned by the bankruptcy restructuring of the previous company, is "dangerously close" but the interested party doesn't want to build airplanes. “They’re intending to go into the composite component manufacturing business,” Boisture told the Eagle. “That’s a very positive thing.” He said Wichita has a trained workforce to do the work. The deal would include the type certificates for the composite Hawker 4000 and Premier lines along with a facility known as Plant 3 and all the equipment, but it's unlikely the type certificates will be of use to this company. “That doesn’t appear to be an economic alternative, given the current market,” he said.
Boisture wouldn't comment on a series of stories published by Bloomberg that say a sale of the company as a whole is a possibility. Citing unnamed sources, the business publication has carried several stories in recent weeks suggesting the company will be snapped up by either Cessna, Embraer or Mahindra. Embraer is not in the running, however. Spokesman Bob Stangarone told the Eagle his company has no interest in Beechcraft.