Beechcraft negotiating over some assets

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Associated Press

Posted on October 28, 2013 at 7:00 AM

WICHITA, Kan. (AP) — Beechcraft Corp. CEO Bill Boisture says the company is "dangerously" close to reaching a deal with a potential buyer for its Hawker 4000 and Premier business jet assets.

Boisture told The Wichita Eagle (http://bit.ly/1gT1hnu ) the potential buyer has plans for its composite manufacturing facility. But Boisture says he doesn't think the buyer will restart jet production.

He wouldn't identify the company when he made his comments last week.

Beechcraft shut down its business jet manufacturing as it reorganized during Chapter 11 bankruptcy last year. The assets are for sale as part of the restructuring. Beechcraft emerged from bankruptcy in February as the smaller Beechcraft Corp., focusing on King Air, Bonanza and Baron products and its military and aftermarket divisions.

Boisture declined comment on reports the entire company is for sale.

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Information from: The Wichita (Kan.) Eagle, http://www.kansas.com

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