(WICHITA, Kan.) — Wichita aviation experts are optimistic that Hawker Beechcraft’s sale to a Chinese company will bring an infusion of cash to the Wichita planemaker.
Aviation consultant Dave Franson told Eyewitness News Hawker’s intent in selling to Superior Aviation of Beijing is to try and minimize the impact that the bankruptcy would have on the product line, Hawker’s workers and its customers.
“I’m hopeful there will be a minimal impact on the company,” says Franson. “But even when these deals are made, and it’s said that nothing will be changed, it’s amazing how change does occur over a period of time.”
Hawker Beechcraft filed for Chapter 11 bankruptcy in May. Under the terms of the agreement, Superior will buy Hawker for $1.79 billion. Superior will make payments over the next six week to support ongoing operations.