It is amazing how quickly business aviation in Asia is growing. Any presentation in Asia quickly gets to numbers – like the 1.4 million millionaires in China; the IMF’s forecast of 7.5% GDP growth for emerging Asia and so on.In
Alireza Ittihadieh, founder of Freestream Aircraft Bermuda, warns new aircraft buyers that pre-owned aircraft values could fall further. Steve Varsano, founder of The Jet Business says: “The world is getting brighter.”
Congratulations to Hawker Beechcraft. Whilst some are sceptical of Superior Aviation’s $1.79 billion bid, it is, in fact, an exceptional deal for the company, its staff and customers.
In the last few months I have been accused of being downbeat (I don’t mind this as I welcome any feedback!) so this week it was great to spend a couple of days in one part of Europe where the
Brian Johnson spent 20 years as an aviation regulator. Here, he discusses why people should not call it grey charter and how the extent of it is overstated.
The big question for the new owners is whether to keep the company whole or split it up. Hawker Beechcraft has had many enquiries from possible buyers and there is an argument that it is worth more if the company is split up.
In The Turnaround Kid, the excellent book written by Steve Miller, CEO of Hawker Beechcraft, he warns companies that the people who lend you money originally are not the ones that deal with you when you get into trouble.
Hawker Beechcraft has spent many months negotiating with these people at banks. According to people whom have attended some of these meetings, the biggest comment they have faced from lenders is: “How have you kept going so long?”
Onex and Goldman Sachs Capital Partners have let Hawker Beechcraft down.
Building an aircraft that flies has less to do with aerodynamics or engines than it does with money or regulatory approval.