Hawker Beechcraft

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Hawker Beechcraft

Hawker Beechcraft Corporation · HBC

Bought from Raytheon for $3.3 billion on borrowed money just before the 2008 crash, Hawker Beechcraft shed thousands of jobs, failed to sell itself to China and walked out of bankruptcy without its jets.

2007Opgericht
Samengevoegd in Beechcraft in 2013Status
6Vliegtuigen geregistreerd
2Luchtmachteenheden die met dit type vliegtuigen vliegen
Photo: Gleb Osokin – Russian AviaPhoto Team / Wikimedia Commons (CC BY-SA 3.0)
LandVerenigde StatenOpgericht2007HoofdkwartierWichita, KansasStatusSamengevoegd in Beechcraft in 2013
Het verhaal

Hawker Beechcraft: the company and the aircraft that made its name

A $3.3 billion leveraged bet

In March 2007 Raytheon completed the sale of its aircraft business to Goldman Sachs and Onex for $3.3 billion. The new Hawker Beechcraft Corporation inherited two proud lines: Beechcraft, whose Bonanza had been in production for 60 years, and the Hawker jets descended from the de Havilland and BAe 125. It also inherited a heavy load of debt, just as the business-jet market was about to fall off a cliff.

Crash and Chapter 11

By the end of 2009 about 3,553 jobs, 36 per cent of the workforce, had gone; quarterly deliveries fell from 129 to 78, and NetJets cancelled 12 aircraft. With $2.3 billion of debt, the company missed interest payments in spring 2012 and filed for Chapter 11 on 3 May 2012. A $1.79 billion sale to Superior Aviation Beijing was agreed in July, then collapsed in October, partly because the defence business, builder of the T-6 Texan II, proved hard to untangle.

Beechcraft without the Hawker

So Hawker Beechcraft reorganised itself. It stopped building jets, abandoned the Hawker 200 and Premier II, and on 19 February 2013 emerged as Beechcraft Corporation, focused on King Airs, Bonanzas, Barons and the T-6. Textron Aviation bought it in 2014.

My assignment is to figure out how to get through these financial headwinds without even having to think about Chapter 11 filing.Steve Miller · CEO, Hawker Beechcraft, February 2012

In één oogopslag

Hawker Beechcraft in numbers

Het bedrijf

Kortom
Founded 2007

  • Formed when Goldman Sachs and Onex bought Raytheon Aircraft for $3.3 billion
  • Headquarters Wichita, Kansas
  • Chapter 11 filing 3 May 2012
  • Emerged as Beechcraft Corporation, 19 February 2013

Productie

Het meest bekend om
King Air, Hawker 800XP/900XP

  • Beechcraft Bonanza, Baron, King Air, 1900
  • Hawker 400XP, 750, 850XP, 900XP, 4000
  • Premier I light jet
  • T-6 Texan II and AT-6 for the military

Vandaag

Nu
Merged into Beechcraft / Textron Aviation

  • Jet production ended 2013
  • Beechcraft brand under Textron Aviation since 2014

De cijfers

Purchase price from Raytheon
US$3,3 miljard2007
Job cuts Oct 2008 – Sept 2009
3,553 (about 36% of workforce)
Debt
US$2.3 billion2012
Quarterly deliveries
129 (Q2 2008) to 78 (Q2 2009)
Failed sale price to Superior Aviation Beijing
US$1.79 billion2012

Het vliegtuig

Every notable Hawker Beechcraft aircraft

Photos: U.S. Air Force · public domain

Vliegtuig Rol Eerste vlucht Gebouwd Status Opmerking
Hawker 750 / 850XP / 900XP middelgrote zakenjet In dienst Descendants of the de Havilland / BAe 125
Hawker 4000 Supermiddelgrote zakenjet In dienst Composite fuselage; 20 sold off at discount in bankruptcy
Hawker 400XP Lichte zakenjet In dienst
Beechcraft Premier I Lichte zakenjet In dienst Premier II development halted
Beechcraft King Air Twin turboprop In productie Continued by Beechcraft and Textron Aviation
Beechcraft T-6 Texan II Militaire trainer In productie Built by Hawker Beechcraft Defense Co.

Wie vliegt ermee?

Hawker Beechcraft aircraft in the world’s air forces

2 air forces in the Order of Battle fly or flew Hawker Beechcraft types. Twee ervan hebben er nog één in gebruik.

Luchtmacht In dienst Voorheen gevlogen
Mozambikaanse luchtmacht Hawker 850XP
Pakistaanse marine luchtmacht Hawker 850XP

Plaatsen, mensen, archieven

Where Hawker Beechcraft built, who led it, what it achieved

Fabrieken

  • Wichita · Wichita, Kansas — Headquarters and main plant
  • Chihuahua · Chihuahua, Mexico — Opened 25 October 2007
  • Little Rock · Little Rock, Arkansas — Hawker completion centre; service facility closed 2012
  • Chester · Chester, United Kingdom
  • Salina · Salina, Kansas

Mensen

  • Jim Schuster · CEO — Led the 2009 lay-offs
  • Bill Boisture · CEO, later chairman — CEO again of the new Beechcraft Corporation, 2013
  • Steve Miller · CEO from February 2012 — Turnaround specialist

Tijdlijn

Hawker Beechcraft, year by year

1994

Raytheon merges Beech and Raytheon Corporate Jets into Raytheon Aircraft

2006

Raytheon announces sale of its aircraft business

2007

Sale to Goldman Sachs and Onex closes; Hawker Beechcraft formed

2007

Chihuahua, Mexico, plant opens

2009

2,300 further lay-offs announced

2010

Kansas incentive deal to keep Wichita jobs

2012

Chapter 11 filing

2012

Superior Aviation Beijing offer accepted

2012

Sale to Superior collapses; jets to be dropped

2013

Emerges as Beechcraft Corporation

2014

Beechcraft acquired by Textron Aviation



Vragen en antwoorden

Everything people ask about Hawker Beechcraft

What happened to Hawker Beechcraft?
It filed for Chapter 11 in May 2012, failed to sell itself to Superior Aviation Beijing, and emerged in February 2013 as Beechcraft Corporation without the jet line. Textron Aviation bought it in 2014.
Who owned Hawker Beechcraft?
A consortium of Goldman Sachs and Onex, which bought Raytheon Aircraft for $3.3 billion in 2007.
Are Hawker jets still made?
No. Jet production ended with the 2013 reorganisation; support for existing aircraft continued.
Why did the sale to China fail?
Talks with Superior Aviation Beijing collapsed in October 2012, partly because the defence business was hard to separate from the civil one.



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Geverifieerd op 3 oktober 2026.