Saw it in today's Arkansas Business. Hawker Beechcraft, which has a pretty big facility at the Little Rock airport, filed for Chapter 11 bankruptcy, with debt of at least $2.5B, and $2.4B in revenue last year.
One of my grand goals in life was to buy a new Bonanza, but they quit making the V35 when I was in law school, and I'll bet a new model 36 is upwards of $750K these days, and a Baron probably $1M, so that's not ever going to happen.
I just can't see any small business, at least around here, throwing off the kind of revenue it takes to buy a new light aircraft these days.
I can't imagine how the cost structure has gotten so out of whack for light aircraft. Except for the avionics, the development costs for the engines and airframes must have paid off a half century ago.
And don't the chi coms own Lycoming now, or is it Continental?
One of my grand goals in life was to buy a new Bonanza, but they quit making the V35 when I was in law school, and I'll bet a new model 36 is upwards of $750K these days, and a Baron probably $1M, so that's not ever going to happen.
I just can't see any small business, at least around here, throwing off the kind of revenue it takes to buy a new light aircraft these days.
I can't imagine how the cost structure has gotten so out of whack for light aircraft. Except for the avionics, the development costs for the engines and airframes must have paid off a half century ago.
And don't the chi coms own Lycoming now, or is it Continental?
