NEWS
KWCH 12 Eyewitness News | February 27, 2013
The Department of Defense has awarded a $427 million light air support contract to Sierra Nevada Corp. It is the second time the Air Force has chosen the Sparks, Nevada company over now Wichita-based Beechcraft Corp. The competition began nearly three years ago. Hawker Beechcraft had submitted a bid for its AT-6, an armed version of its T-6 trainer for the LAS contract. The aviation company sued the U.S. government in December of 2011 after it felt it was wrongly excluded from the competition in November of that year.
NEWS
by Anne Meyer and KWCH 12 Eyewitness News | February 19, 2013
Hawker Beechcraft is no more, in it's place Beechcraft Corp. The aviation company has a new name, a smaller product line and more importantly, it is out of bankruptcy. There is a new flag flying outside of Beechcraft's corporate headquarters, and soon even more big red B's going up around the plant It took ten months to get this company out of bankruptcy. Now the C.E.O. is focused on building beechcraft's financial future. "It's an exciting time for me personally and everybody in this company," said Beechcraft C.E.O.
NEWS
February 19, 2013
The company that became Hawker Beechcraft was founded by Walter and Olive Beech in Wichita in 1932. The first Beechcraft produced is the Model 17 - the classic Beechcraft "Staggerwing. " Designed especially for the business traveler, the airplane proves to be faster than military pursuit airplanes of the day and wins numerous air races. In 1937, Beech introduces the Model 18 "Twin Beech. " This airplane is to business what the DC-3 is to the airlines. Produced until 1970, the 33 years of continuous Model 18 production was a record until surpassed by the Beechcraft Bonanza.
NEWS
by Jessica Reber and KWCH 12 Eyewitness News | February 1, 2013
A U.S. Bankruptcy Court in Manhattan has approved Hawker Beechcraft's plan for reorganization. The confirmation paves the way for the aviation company to emerge from Chapter 11 in a couple of weeks. Under the reorganization terms, the company will rename itself Beechcraft Corporation. It will focus on turboprop, piston, special mission, trainer and attack aircraft and parts and maintenance. Click here to read the full release from Hawker Beechcraft The judge also signed off on a pension plan agreement for the International Association of Machinists.
NEWS
by Jessica Reber and KWCH 12 Eyewitness News | January 30, 2013
Employment at Hawker Beechcraft has fallen below an agreement with Wichita and Kansas leaders, according to an annual report. Hawker said 3,372 employees work at the Wichita facility. The aviation company agreed to employ 3,600 employees as part of a $45 million tax incentive plan to remain in Wichita. Bill Boisture, Hawker chairman, said the economic recession continues to hit the company's finances. Hawker filed for Chapter 11 bankruptcy last year. Financial restructuring plans are expected to be complete in February.
NEWS
By Angela Smith and KWCH 12 Eyewitness News | January 9, 2013
Hawker Beechcraft will furlough some of its employees this year. A spokesperson for the company says the furloughs are related to negotiations with a government defense contract, also known as J-PATS. Nearly 240 hourly employees that work on the T6/AT6 production line in Wichita will be affected. Employees will still have access to benefits but won't be allowed to come to work. They will not be paid when they are on furlough. The rolling furloughs will be scheduled throughout the year and are expected to last 2-3 weeks at a time.
NEWS
By Sia Nyorkor and KWCH 12 Eyewitness News | January 1, 2013
A new year, but the same problem for millions of Americans, still dealing with unemployment. Across the country, 40 percent of unemployed americans have been out of work for more than six months a s the country passed the deadline for the 'fiscal cliff.' Scott Conyac has been unemployed for the last 2 months and says it's a job looking for another job. He spends more than 5 hours a day, just searching. The financial planner was one of 170 laid off from Hawker Beechcraft. "It was a real shocker but I took it professionally and I knew it wasn't personal, just business," says Conyac.
NEWS
By John Boyd & Pilar Pedraza and KWCH 12 Eyewitness News | October 18, 2012
Planemaker Hawker Beechcraft says it has called off talks with a Chinese planemaker and that it intends to emerge from bankruptcy as a standalone company. Details of the announcement are in the press release the company posted on its website Thursday morning (release is below). Eyewitness News also checked with the Kansas Department of Commerce about the incentives it received to stay in Wichita. A spokesperson says the state's plan requires Hawker Beechcraft to maintain a minimum of 4,000 employees.
NEWS
By Pilar Pedraza and KWCH 12 Eyewitness News | October 11, 2012
A team of Wichita business leaders and politicians are heading to China. During the 12 day trip, they'll visit several cities and plan to meet with the company seeking to buy Hawker Beechcraft. Friday morning several of Wichita's leaders, including Mayor Carl Brewer and Vice Mayor Janet Miller, leave on a trade mission to China. But at a time when so many Kansans are struggling to make ends meet some wonder how Wichita benefits from the trip and who is footing the bill. In an effort to keep costs down organizers have combined three different trips into one. The first leg will be an economic trade mission to Beijing and nearby cities. The second is an obligatory visit to Wichita's Sister City, Kaifeng. And the third and final stop is in the city of Wuxi which has an eco-partnership with Wichita. The cost of the trip is also being split three ways.
NEWS
By Kim Hynes and KWCH 12 Eyewitness News | October 6, 2012
The votes have been counted and Bombardier Learjet Machinists will hit the picket line Monday morning at 12:01. Machinists rejected the company's 5-year contract proposal. 79% of workers were in favor of a strike. The last time Bombardier employees went on strike was in 2006. The strike lasted a couple of weeks. The union says there are two points of contention in the contract. First, it says Bombardier wants to eliminate two of the HMO's 80% of members are using. Under one of the HMO's, name brand prescriptions currently cost $30 but the new plan would increase the cost to $80. Raises are the other issue.