Home' Asian Aviation : AAV_March_2013 Contents AsianAviation | MARCH 2013 15
The US Bankruptcy Court for the Southern
District of New York has approved Hawker
Beechcraft s Joint Plan of Reorganization,
paving the way for the company to emerge
from Chapter 11 bankruptcy protection in the
second half of February.
According to the business and general
aviation aircraft manufacturer, Judge Stuart
Bernstein said that the plan satisfies all the
requirements of the US Bankruptcy Code.
"Today s ruling marks the final significant
step in the restructuring process," says Robert
Miller, Hawker Beechcraft s chief executive
officer. "Throughout this process, we have
been guided by the goal of emerging in a
strong operational and financial position,
with an enhanced ability to compete well
into the future. Our recapitalisation and
dramatically reduced debt load will allow us
to do exactly that."
As part of its reorganisation, the company
will rename itself Beechcraft Corporation,
"implementing a business plan that focuses
on turboprop, piston, special mission and
trainer/attack aircraft and on its parts,
maintenance, repairs and refurbishment
businesses", all of which it says "are
profitable and have high growth potential".
Business jet production will be dropped.
Company chairman Bill Boisture says:
"Beechcraft Corporation will emerge from
this process as the world s leading designer
and manufacturer of turboprop, piston and
trainer/attack aircraft with the largest global
customer support network in the industry."
The manufacturer says it expects the Plan
to become effective by the end of February,
once all conditions for effectiveness have
"Upon emergence, pre-petition secured
bank debt, unsecured bond debt, and certain
general unsecured claims will be cancelled
and holders of such claims will receive
equity in the reorganised company in the
percentages negotiated by the major creditor
groups at the time the company commenced
its Chapter 11 proceedings," the company
says. -- Andrzej Jeziorski
Embraer Executive Jets has inked a
Memorandum of Understanding (MoU)
with Mumbai-based Indamer to provide
maintenance support for the Legacy
500 business jet, ahead of the aircraft s
planned 2014 entry into service.
The Legacy 500 is now in flight-
testing following the maiden flight of the
first prototype on 27 November 2012.
According to André Luis Vieira de
Sousa, Embraer s director of customer
support and services for the Asia-Pacific
region, the agreement "will ensure the
efficient operation for all our business
aircraft operating in the region".
Indamer is one of an initial 17
service centres worldwide to enter into
MoUs with Embraer for Legacy 500
product support. The manufacturer
plans to have all product support in
place worldwide before the Legacy
500 enters service.
Indamer already offers line and base
maintenance for the entire portfolio of
Embraer s Executive Jets in India today,
including the entry-level Phenom 100,
super-midsize Legacy 600, long-range
Legacy 650 and ultra-large Lineage
1000. Indamer is one of two authorised
service providers for Embraer Executive
Jets in the country -- the other is Air
Works, which provides maintenance
support for Phenom 100 jets.
-- Andrzej Jeziorski
COURT APPROVES HAWKER BEECHCRAFT RESTRUCTURING
The Legacy 500 is scheduled to enter service in 2014.
EMBRAER SIGNS SUPPORT MoU
WITH INDIA S INDAMER
Business jet manufacturer Dassault Falcon says
it is investing heavily in India to better serve
its expanding customer base in the region and
prepare for future growth.
Dassault says it is already the Indian market
leader for large cabin business jets, with about
20 aircraft now in operation there and "several
more" deliveries expected over the next two years.
Last year, Dassault expanded its Falcon liaison
office in New Delhi, which serves as a hub for the
company s expanding business in the region, and
added an engineer to its local team.
In July 2012, charter operator Taj Air established
a Falcon Authorised Line Service Station at
Chhatrapati Shivaji International Airport in
Mumbai. The facility provides scheduled and
unscheduled maintenance and inspections for
Falcon 2000 and 2000DX/EX/LX aircraft.
Earlier, Dassault Falcon named Mumbai-based
Air Works India an Authorised Service Centre
for the Falcon 900EX and established spares
distribution centres in Chennai and Mumbai and a
technical field office in Mumbai.
"The Indian market is becoming more conducive
to consistent growth and the investments in our
support network will place us in an excellent
position to benefit in the future," says Dassault.
-- Andrzej Jeziorski
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