Beech Readies To Sell Hawker Jet Division

Beechcraft, which recently emerged from bankruptcy protection and is now focused on its piston and turboprop products, expects to sell its mothballed jet division in the coming months. According to CEO Bill Boisture, the company has already completed disposition of its remaining inventory of approximately 20 new and pre-owned Hawker 4000 and Premier IA jets, a move he said went “better than planned,” though he declined to offer details about the revenue derived from their sale.