20 February 2013
Hawker Beechcraft has announced its emergence from Chapter 11 bankruptcy protection.
The company now exists under the new name Beechcraft and while the company is retiring production of jet aircraft, the company confirmed in a statement that Beechcraft will continue to launch new products and will also support the existing fleet.
Beechcraft will continue to produce the King Air line, the T-6 and AT-6 military aircraft and the piston-powered Bonanza and Baron models.
The Joint Plan of Reorganisation for the company became effective on 15 February 2013. Bill Boisture, Chief Executive Officer of Beechcraft, said, “Beechcraft has emerged from this process a stronger company with both financial and operational strength and stability. We have a strong line of versatile and globally renowned products like the King Air turboprop and the T-6 military trainer aircraft, and the largest global customer support network in the industry.”
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