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Aviation News Item: 00878

6th Nov 2009

Weak Market Conditions Impact HBAC B&GA Deliveries

Source: fly-corporate.com

Less than advantageous market conditions have taken their toll on Hawker Beechcraft Acquisition Company, LLC Business and General Aviation deliveries and sales. Figures are reported to be down for the three months ended 27 Sept 2009, compared with the same period last year.

At $757.7 million, net sales were down by $25.6 million compared to the third quarter of 2008. Continued weakness in the general aviation market significantly impacted aircraft deliveries in the B&GA segment during the quarter. The Company delivered 64 business and general aviation aircraft consisting of 25 jet, 30 turboprop and 9 piston aircraft, as compared to 86 aircraft during the same period in 2008, resulting in a decrease in B&GA sales of $98.6 million.

The decrease in sales for the B&GA segment was partially offset by a $92.3 million increase in Trainer Aircraft segment sales as a result of increased production volume in support of higher aircraft delivery volumes. Sales in the Trainer Aircraft segment were $169.7 million for the three months ended Sept. 27, 2009, compared to $77.4 million for the comparable period in 2008.

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