Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Hawker hit with large cancellation ( NetJets )
Wichita Eagle ^ | Dec. 15, 2009 | MOLLY McMILLIN

Posted on 12/15/2009 6:12:02 PM PST by george76

Hawker Beechcraft announced Monday that fractional ownership company NetJets has canceled a "significant" number of aircraft it had on order.

The cancellations will reduce Hawker Beechcraft's backlog by $2.6 billion and represent 90 percent of the aircraft that NetJets has on order with Hawker Beechcraft.

The planes were to have been delivered over several years beginning in 2011.

So far this year, NetJets has canceled 12 aircraft it had on order and deferred delivery of all jets it was scheduled to receive this year and next until the end of 2010.

Hawker Beechcraft has said that NetJets wasn't expected to provide any substantial revenue in 2009 or 2010.

(Excerpt) Read more at kansas.com ...


TOPICS: Business/Economy; News/Current Events; US: Kansas
KEYWORDS: aircraft; avaition; beechcraft; berkshire; berkshirehathaway; hathaway; hawker; netjets

1 posted on 12/15/2009 6:12:05 PM PST by george76
[ Post Reply | Private Reply | View Replies]

To: george76

NetJets? Isn’t that Buffett. He drooled over Obama for POTUS or really TOTUS.


2 posted on 12/15/2009 6:19:44 PM PST by Frantzie (Judge David Carter - democrat & dishonorable Marine like John Murtha.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

The next decade will be a great year to buy that lightly used private jet in the secondary market.


3 posted on 12/15/2009 6:20:49 PM PST by Ted Grant
[ Post Reply | Private Reply | To 1 | View Replies]

To: Frantzie

Berkshire Hathaway unit NETJETS - announced they were standing by Tiger


4 posted on 12/15/2009 6:37:16 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
[ Post Reply | Private Reply | To 2 | View Replies]

To: george76
Berkshire Hathaway unit NETJETS - announced they were standing by Tiger
"The perfect way
To slip away!"
Sorry, couldn't help it.
5 posted on 12/15/2009 6:49:26 PM PST by sionnsar (IranAzadi|5yst3m 0wn3d-it's N0t Y0ur5:SONY|Remember Neda Agha-Soltan|TV--it's NOT news you can trust)
[ Post Reply | Private Reply | To 4 | View Replies]

To: george76

Hope and Chang seems to be working as expected


6 posted on 12/15/2009 6:52:50 PM PST by eyeamok
[ Post Reply | Private Reply | To 1 | View Replies]

To: sionnsar

Thanks.

Many Tiger jokes these days.


7 posted on 12/15/2009 6:54:07 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
[ Post Reply | Private Reply | To 5 | View Replies]

To: eyeamok

Hope and Chang seems to be working as expected

Chang? Gordon Chang?


8 posted on 12/15/2009 7:21:21 PM PST by DontTreadOnMe2009 (So stop treading on me already!)
[ Post Reply | Private Reply | To 6 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson