Beechcraft, formerly Hawker Beechcraft, with headquarters and major manufacturing facilities in Wichita, Kansas, announced on February 19 that it has formally emerged from Chapter 11 after securing long-term financing that ends the bankruptcy process. The company’s Joint Plan of Reorganization was approved by the U.S. Bankruptcy Court for the Southern District of New York on …
Embraer on Wednesday flew the first U.S.-built Phenom 300 after the light twinjet emerged from a new factory in Melbourne, Florida. Delivery will be made to Embraer Executive Jets for use as a flight demonstrator. Embraer said the production time for the Phenom 300 was half that of the first Phenom 100 built in Melbourne, …
Embraer is ramping up for another busy fourth quarter, when the company expects to nearly match the number of executive jets deliveries and revenues brought in through the first three quarters combined. During the third quarter, Embraer delivered 13 business jets, including 11 Phenoms and two of its large business jets – slightly fewer …
Cessna Aircraft hopes to bring a new Citation Sovereign to market next year that incorporates many of the same upgrades found on the Citation Ten, now called the X, along with improved range and performance. The Sovereign will be equipped with new Pratt & Whitney Canada 306D engines that, when combined with new winglets, will …
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