Partnership leads to strong sales of King Air, Baron and Bonanza aircraft in Latin America
SÃO PAULO, Brazil (Aug. 13, 2010) – This year, Hawker Beechcraft Corporation (HBC) is celebrating its 15th year of partnership with Líder Aviação, its authorized distributor in Brazil. During this time, HBC’s family of turboprop and piston-engine aircraft has maintained a strong share of the marketplace in Latin America, especially in Brazil. For example, throughout the past three years, Latin America accounted for 22 percent of HBC’s King Air, Baron and Bonanza sales, with Brazil accounting for half of those transactions. Líder has been responsible for 58 percent of those piston-engine aircraft and turboprop sales during that same three-year period.
“We have a strong relationship with Líder and our products have done extremely well in this region thanks to their continued efforts,” said Keith Nadolski, HBC president, Beechcraft Americas. “They have a great record as representatives of our products in Brazil, which is a highly competitive marketplace for general aviation products.”
Líder Aviação offers aircraft sales, maintenance, aviation insurance, flight simulator training and a pilot training center. It operates a fleet of over 70 aircraft and has facilities at more than 20 airports in Brazil. The company currently employs more than 1,500 employees.
Hawker Beechcraft Corporation is a world-leading manufacturer of business, special mission and trainer aircraft – designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company’s headquarters and major facilities are located in Wichita, Kan., with operations in Salina, Kan.; Little Rock, Ark.; Chester, England, U.K.; and Chihuahua, Mexico. The company leads the industry with a global network of more than 100 factory-owned and authorized service centers. For more information, visit www.hawkerbeechcraft.com.
This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including statements that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results may differ significantly from those envisaged by our forward-looking statements. Among the factors that could cause actual results to differ materially from those described or implied in the forward-looking statements are general business and economic conditions, production delays resulting from lack of regulatory certifications and other factors, competition in our existing and future markets, lack of market acceptance of our products and services, the substantial leverage and debt service resulting from our indebtedness, loss or retirement of key executives and other risks disclosed in our filings with the Securities and Exchange Commission.