Title: Hawker Beechcraft Closes $128.5 Million Fuel/Line Unit Sale
Tags: Hawker, Beechcraft, Karen Di Piazza, ChaterX, Aviation, FBO
Blog Entry: Hawker Beechcraft Closes $128.5 Million Fuel/Line Unit Sale 27-Jul-2008 By Karen Di Piazza Wichita, Kan.-based aircraft manufacturer Hawker Beechcraft Corp. on Thursday, announced its fuel and line operations in the United States were sold to BBA Aviation. BBA, headquartered in the United Kingdom, is a large distribution network operating fixed base operations. HBC first announced the deal on Feb. 22, with the transaction valued at $128.5 million. On July 24, a HBC spokesperson confirmed that the transaction price hadn't changed. BBA's acquisition included seven HBC's fuel/line operations in the U.S., including locations in Atlanta, Ga.; Houston and San Antonio, Texas; Indianapolis, Ind.; Tampa, Fla.; Wichita, Kan.; and Van Nuys, Calif. All except the Van Nuys facility has been finalized, due to pending regulatory approvals. HBC said it would retain its Hawker Beechcraft Services' maintenance and customer support facilities in Little Rock, Ark., Chester, England, and Toluca, Mexico. HBC said it would embark on a major expansion to its aircraft maintenance and services facility in Little Rock, with new state-of-the-art facilities planned for Indianapolis, Ind. and Mesa, Ariz. With the addition of the Mesa facility, the company said it would have 11 service centers located across the U.S., Mexico and the UK. Email your news tips, press releases and feedback to Industry Headline News editor Karen@CharterX.com.
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