Business

March 19, 2013

Signs reflect new start for Beechcraft

Not everything old is new again, but in the case of Beechcraft Corp., the new signs on the company’s Wichita campus harken back to Beechcraft’s early years.

Not everything old is new again, but in the case of Beechcraft Corp., the new signs on the company’s Wichita campus harken back to Beechcraft’s early years.

As it emerged from bankruptcy last month, the former Hawker Beechcraft became Beechcraft Corp.

Signs and other identifying material have been getting a makeover over the past month to reflect the new start for the renamed company.

Founded in 1932 by Walter and Olive Ann Beech, Beechcraft has manufactured more than 54,000 airplanes, 36,000 of which are still flying, company officials said.

Beechcraft Corp.’s product line comprises propeller-driven airplanes: Bonanza, Baron and King Air, and the T-6 military trainer and the AT-6 light-attack airplane.

It no longer produces Hawker business jets: the 4000, 900XP and Premier IA/Hawker 200. However, company officials stressed that the global customer support business, which will include parts, maintenance, repairs and refurbishment, continues to be a part of Beechcraft going forward.

About 90 percent of Beechcraft’s new owners are financial institutions that were its secured creditors during the bankruptcy. The largest creditors among them are Angelo, Gordon & Co., Capital Research & Management, Centerbridge Partners LP and Sankaty Advisors, a division of Bain Capital.

Related content

Comments

Editor's Choice Videos