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Indian company among bidders for Hawker Beechcraft

06-07-2012

As part of its bankruptcy restructuring plan, Hawker Beechcraft has whittled its list of potential buyers from 35 companies to just six. While details on five of those are scarce, one of the bidders is the Indian company Mahindra, a large conglomerate that bought a small Australian turboprop aircraft maker in 2009. Mahindra also owns an aircraft components company and has said it wants to produce regional jets as well, a goal that would get a big boost from buying Hawker’s business jet expertise. Hawker went into bankruptcy in May to reduce millions of dollars in debt from Goldman Sachs’ purchase of the company several years ago. It has already shed dozens of jobs at its Wichita headquarters and has pondered scaling back its business jet lineup, possibly eliminating the largest and newest jet, the Hawker 4000.

http://www.bloomberg.com/news/2012-07-04/mahindra-said-to-consider-bidding-for-hawker-beechcraft.html

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