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Beechcraft hopes to sell some assets by year’s end

Dec. 11, 2013, Wichita, Kan. - Beechcraft Corp.’s CEO Bill Boisture said Monday that he still expects a sale of some of the company’s assets to close this month.


Read more here: http://www.kansas.com/2013/12/10/3171042/beechcraft-hopes-to-complete-sale.html#storylink=cpy


December 11, 2013
By The Wichita Eagle

Beechcraft is selling its Hawker 4000 and Premier business jet
assets, which include the company’s Plant 3 composite manufacturing
facility.

 

The company is in the final stages of negotiations with a buyer.

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“We are reviewing legal documents to get agreement on the last few key points,” Boisture said.

The
potential buyer has plans for the Plant 3 facility, Boisture said in
October, and is intending to go into the composite component
manufacturing business.

 

He doesn’t think, however, that the buyer planned to restart jet production, Boisture said at the time.

 

Boisture has declined to identify the potential buyers.

 

Beechcraft exited the business of jet manufacturing during its Chapter 11 bankruptcy proceedings last year.

 

The
assets are for sale as part of the company’s restructuring. The company
emerged from bankruptcy in February as the smaller Beechcraft Corp.,
focusing on King Air, Bonanza and Baron products and its military and
aftermarket divisions.


Read more here: http://www.kansas.com/2013/12/10/3171042/beechcraft-hopes-to-complete-sale.html#storylink=cpy