““When I made the film The Invention of Lying, they gave me a private jet for getting back and forth between New York and London. I thought, ‘I will never use it’ but I ended up using it every weekend. You turn up, right, and the airport is completely empty. I mean, there’s just someone at the desk and then the pilot, who says, ‘Are you ready to go?’ and you say, ‘Don’t you want to see my passport?’ and he goes, ‘Oh yeah, I suppose I’d better.’” ”
A Mixed Sales Report from Hawker Beechcraft
Activity in the second quarter of this year raised the order backlog at Hawker Beechcraft to a record $5.1 billion, roughly double what it was at this time last year. However, the purchase of Raytheon's aircraft division by GS Capital Partners and Onex Partners for $3.3 billion cash led to an operating loss of $36.6 million.
Sales for the second quarter were down 10 percent from last year to $701 million, though the manufacturer delivered two more aircraft (109 jets, turboprops and piston airplanes) in the latter period. The mix of aircraft likely hurt the cause, as the company delivered only 30 jets, six fewer than in the same period last year.
The company did not deliver any Hawker 4000s in the quarter. However, the future looks bright for Hawker Beechcraft, as the value of orders rose more than 300 percent from a year ago, to $1.9 billion. The increase stemmed partly from NetJets Europe's order for 32 Hawker 4000s.
Meanwhile, the Hawker 750 made its first flight on August 23 and the Hawker 900XP received FAA certification the next day.