Hawker Beechcraft Proposed Action

[Jethro]

"A bankruptcy judge has rejected Hawker Beechcraft's bid to fire-sale its inventory of Hawker 4000 jets to raise some quick cash. The company was planning to dump the aircraft, the all-composite flagship of its jet roster, for as little as about 35 cents on the dollar until some existing 4000 owners stepped in to prevent their $20 million aircraft from suffering the same devaluation. Hawker Beech has 13 finished new 4000s, three in production and four used aircraft. The inventory clearance bid was part of a filing made by the company that also requested the court to allow it to abandon warranty and extended service plans on the 4000 and on Premier I and Premier IA jets."

Pretty harsh proposal if you ask me. How would it feel to have sunk millions into a jet and then be told "too bad - no more warranty, no more extended service agreement."

I wonder what, if anything, this portends for Beechcraft owner's in the future. First Hawker owner's and then Beech owner's. Maybe?

I know these are tough times but... First Twinkies and now Hawkers.