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 ...
NetJets? Isn’t that Buffett. He drooled over Obama for POTUS or really TOTUS.
The next decade will be a great year to buy that lightly used private jet in the secondary market.
Berkshire Hathaway unit NETJETS - announced they were standing by Tiger
"The perfect waySorry, couldn't help it.
To slip away!"
Hope and Chang seems to be working as expected
Thanks.
Many Tiger jokes these days.
Hope and Chang seems to be working as expected
Chang? Gordon Chang?
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