570:, an economic development agency of the municipal government of Beijing, subject to completing the sale agreement within 45 days and regulatory approvals. The sale agreement did not include the subsidiary Hawker Beechcraft Defense Co., builder of the T-6 trainer and AT-6 light attack aircraft. Chairman Bill Boisture stated: "The decision to move forward with Superior was based on two key factors. The bid for the company was the most attractive we received during the strategic review process and the going-forward plan offered the most continuity for our business, allowing us to preserve jobs, product lines and our ability to maintain our commitments to our customers." On July 17, 2012 the bankruptcy court judge granted the company approval to enter the exclusive period of negotiation with Superior Aviation, calling the arrangement a sound exercise of the company's business judgement. The 45-day period included US$ 50M in interim financing from Superior.
457:
527:. The filing stated that "management has concluded that there is substantial doubt about the Company’s ability to continue as a going concern...Due to the fact that we have recurring negative cash flows from operations and recurring losses from operations, we will need to seek additional financing. There is substantial doubt that we will be able to obtain additional equity or debt financing on favorable terms, or at all, in order to have sufficient liquidity to meet our cash requirements for the next twelve months." The company reported that it had lost over US$ 1B in the previous two years, had US$ 2.3B in debt and had already missed some interest payments. The SEC filing also stated that the company might sell off assets and equity, renegotiate its debt and may have to enter
419:
company stated "serious challenges... a spectrum of possibilities for the company's future footprint...the likely impact on its workforce in all its locations." The union warned its members in the letter, "The picture we are getting is of a Hawker
Beechcraft Wichita that will shrink almost immediately by 75 percent or more within two years, without a guarantee of even the last few jobs staying". The move would reduce the company's work force from 6000 to 1500 workers. CEO Bill Boisture confirmed the situation indicating that demand for the company's products had declined drastically and permanently and that the company may move significant amounts of work to Mississippi, Louisiana, or even outside the United States.
594:
acceptable to the company." Specific problems included national security concerns as "the company's defense operations were integrated with its civilian businesses that proved difficult to untangle", and legal complications, as "advisers in the US had trouble negotiating with
Chinese representatives unfamiliar with US finance and bankruptcy law." In response to the failed negotiations, Hawker Beechcraft planned to emerge from bankruptcy protection by filing an amended Joint Plan of Reorganization (POR) with the US Bankruptcy Court for the Southern District of New York, and re-emerge as a stand-alone company renamed
511:
without even having to think about
Chapter 11 filing. Chapter 11 doesn’t do anybody any good. It’s usually not necessary." Some financial analysts indicated that with so much debt and low share prices that the owners, Onex and Goldman's share in the company may well now be zero. Some analysts indicated that bankruptcy was inevitable. Scott Chan, an analyst with Canaccord Genuity in Toronto stated, "Unless things turn around, this company could go bankrupt soon. Time is running out." Another analyst added, "I think everybody is pretty sure it’s when, not if."
630:, comprising 13 finished new 4000s, three being built and four used aircraft, at heavily discounted prices to raise money for the company. Existing owners of the aircraft type objected, indicating that this move would greatly devalue their assets. Bankruptcy judge Stuart Bernstein rejected the sale, stating that Hawker Beechcraft had not made a case for the discounted sale being necessary. On December 11, 2012 the judge reversed the order and permitted the sale of the 20 aircraft to proceed, requiring that each sale be reported to the court.
349:
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40:
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663:, the Hawker Beechcraft name being retired. The new and much smaller company will produce the King Air line of aircraft as well as the T-6 and AT-6 military trainer/attack aircraft and the piston-powered single-engined Bonanza and twin-engined Baron aircraft. The jet line was discontinued, but the new company continued to support the aircraft already produced with parts and with engineering and airworthiness documentation.
423:
contributions aimed at keeping the company from moving its operations out of Kansas. Union leadership had recommended that its rank and file accept the company's offer rather than risk losing their jobs, but a majority of the union workers voted against the contract, citing their belief that the company will leave Kansas regardless of incentives and concessions. In
December 2010 the company signed an agreement with the
467:
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line of credit, due to the general poor economic conditions and low sales of light jets. The company was close to defaulting, but Sam
Goodyear, an analyst at CreditSights predicted that the lenders would rearrange the debt rather than force the company to liquidate, as their return in the prevailing market conditions would be poor.
520:"selective default" and on April 2 it failed to pay $ 28 million of interest on its unsecured and subordinated notes, which S&P rated as a full default. Hawker also reported that it had breached banking covenants and had failed to file its 10-K for 2011 on time because of problems with its internal financial reporting systems.
633:
In early
December 2012, the court approved a company restructuring including US$ 525M in term loans and a revolving line of credit, selling the jet production line and renaming the company Beechcraft Corporation. Of the credit, US$ 400M was used to pay off bankruptcy credit and the balance used for
585:
On July 16, 2012, the
International Association of Machinists and Aerospace workers (IAM), which represents some 3,500 of the company's 18,000 employees, filed in bankruptcy court an objection to the proposed deal with Superior, warning that the sale had "broad implications for the U.S. economy and
538:
By mid-June 2012, the company had filed court documents outlining plans to emerge from bankruptcy. The company plan involved retaining its piston-engined and turboprop aircraft lines and reducing or eliminating its jet aircraft lines. Three different scenarios were considered, all of which involved
510:
In March 2012, the general media began carrying stories that the company would have to soon enter bankruptcy, even though the new CEO Miller had indicated he would work hard to avoid that. In
February 2012 Miller had said, "My assignment is to figure out how to get through these financial headwinds
487:
jet due to the uncertain state of the economy. CEO Bill
Boisture indicated the program was not canceled, saying that the aircraft program is "well positioned to continue...when the time is right." The company also announced that it was looking for relief from payments on a US$ 182 million revolving
390:
The government's stimulus package has failed to sufficiently loosen credit markets, which are absolutely vital to the success of HBC and our industry...The media and some politicians have cast general aviation as a wasteful extravagance instead of a critical business tool and the source of millions
598:
and focused on growing the company's most profitable products. A letter from company
Chairman, Bill Boisture and Executive Vice-President Shawn Vick stated that their aim is to carry out the reorganization "in a strong operational and financial position." They wrote that this may result in ceasing
418:
The company reported that it lost more than US$ 63M in the first quarter of 2010, even after it cut 2,700 jobs in 2009. In July 2010 the union representing workers at Hawker Beechcraft sent a letter to its members explaining that it was in negotiations at the company's request to deal with, as the
589:
In late July 2012, during the bankruptcy proceedings senior management applied to the court for bonuses to be paid to themselves. The judge approved US$ 1.9M for 31 senior managers, but deferred a decision on a further US$ 5.3M in bonuses for the top eight executives until August 6, 2012. Senior
395:
After completing cuts of 25% of its workforce (2800 employees) between October 2008 and August 2009, the company indicated that further significant cuts were required. The company's second quarter 2009 results over 2008 data showed that aircraft deliveries had fallen from 129 to 78 aircraft. The
519:
reported rumours that the company was negotiating a prearranged bankruptcy "within the next several weeks" to include debtor-in-possession (DIP) financing of less than $ 500M. On March 30, the company failed to pay interest on its secured credit facility, which Standard & Poors considered a
422:
In September 2010 the company announced further cuts of 350 salaried positions to be completed by the end of October 2010. On October 16, 2010, union machinists at Hawker Beechcraft voted against a new seven-year contract that would have included a 10% pay cut and higher worker health insurance
558:
By early July 2012, bankruptcy court filings indicated the company was for sale, saying "the Debtors are continuing to evaluate potential sale alternatives and may elect to incorporate one or more sale or plan sponsorship transactions into the plan." From a list of 35 potential buyers, six had
593:
On October 18, 2012, multiple sources reported that the negotiations between Superior Aviation Beijing and Hawker Beechcraft had failed, with a press release from Hawker Beechcraft ascribing the failure to the fact that "the proposed transaction with Superior could not be completed on terms
214:. This deal left the company with a heavy burden of debt which it struggled to support from the economic crisis of 2008 onwards. In April 2012 it defaulted on interest payments and was in breach of banking covenants; this caused widespread speculation that it would enter bankruptcy.
396:
company achieved orders of US$ 450M during the period April to June 2009, but had orders totalling US$ 366M cancelled in the same period. Overall the company's sales were reduced from US$ 1.03B in the second quarter of 2008 to US$ 816.3M in the same period of 2009. One customer,
514:
On March 27, 2012, the company struck a deal for $ 120m of interim financing to give it time to recapitalize the company. Lenders holding about 70 percent of its bank debt agreed to waive covenants on that debt, and defer interest payments until June 29, 2012. The following day
599:
jet production in favor of piston aircraft manufacturing or refurbishing older aircraft, indicating these "have high growth potential." At the end of October 2012 Vick confirmed that the company would end jet production in favor of a new single-engine turboprop based on the
391:
of American jobs...This is an extremely painful step for the HBC family and community, but one that is absolutely necessary. While I wish I could commit to you that this will be our final action, I cannot do so at this time given the extreme volatility in the marketplace.
656:. The company plan was given final court approval on January 31, 2013. The company named a new board of directors; Bill Boisture once again became CEO of the new Beechcraft Corporation and former CEO Steve Miller became a senior adviser to the board.
622:
as well as other cuts in Wichita. At the same time the company affirmed that future work would concentrate "on turboprop, piston, special mission and trainer/attack aircraft, as well as our parts, maintenance, repairs and refurbishment businesses."
606:
The news of the company's planned cessation of jet production produced a great deal of negative reaction from owners of existing HBC-produced jets, who feared that parts and other support would be hard to get, reducing the value of their aircraft.
531:
to resolve its problems. CEO Miller stated that the company will "decide on a path forward for Hawker Beechcraft that will include a plan that will put the company on firm financial footing and better position Hawker Beechcraft for the future."
385:
On February 3, 2009, CEO Jim Schuster announced that a further 2,300 employees would be laid off before the end of the year. The company indicated that orders for aircraft had slowed down, especially by fractional jet operators. Schuster said:
407:, moving its first delivery date into late 2012 or early 2013 due to the poor market for business aircraft. In late September 2009 the company issued 60-day lay-off notices for another 240 employees. These cuts included 87 positions on the
586:
national security," and contending that Superior's proposal excludes the assumption of Hawker's three pension plans, which the Pension Benefit Guaranty Corporation estimated to be underfunded by about $ 751 million at that time.
2133:
502:
The company underwent management changes in February 2012, with CEO Bill Boisture becoming chairman of the company's operating subsidiary Hawker Beechcraft Corp. The board of directors named company turn-around expert
573:
Aviation analysts reacted to the announced deal with skepticism, indicating that the purchase price seemed high for a company with an old product line and little recent investment in research and development.
427:
state government to retain facilities in Wichita until at least 2020 and a minimum of 4000 employees in exchange for a US$ 40M incentive package. Kansas Governor Mark Parkinson termed it "not a huge bailout".
1077:
403:
By late August 2009, the company laid off an additional 300 workers, bringing the total number of layoffs to 3100. On August 31, 2009, the company indicated that it was slowing development of the
307:. The expansion included a new 54,000-square-foot (5,000 m) hangar bay, as well as extensions to existing buildings to provide additional woodshop, upholstery, sheet metal and storage space.
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in a competition to supply 20 light attack jets to Afghanistan. This contract has since been cancelled due to mistakes in the paperwork and Hawker Beechcraft challenged the deal in court.
645:
agency, take over two under-funded company pension plans with liabilities of US$ 1B, paving the way for a group of hedge funds to buy the company. HBC will continue to fund the pensions.
225:. By October 18, 2012, the negotiations for the sale had failed and the company decided to cease jet production and exited bankruptcy on its own on February 19, 2013, under a new name,
3605:
2141:
1415:
610:
In early November 2012, the company announced that it would lay off more than 400 of its remaining workers. The cuts included the closure of its service facilities in
3635:
3615:
3031:
1906:
1085:
284:
Raytheon announced in July 2006 the sale of its aircraft manufacturing business to focus on its core defense-related business. Bidders for the company included
2523:," index with links to over 100 articles on the history, people and aircraft of Beechcraft and its predecessor companies (including Hawker-Beechcraft), on the
2075:
1710:
483:
By September 2011, the company had US$ 2.14 billion of debt outstanding. In December 2011, the company announced that it was slowing down development of the
336:
In 2007 and 2008, the company increased its overseas expansion efforts. On October 25, 2007, HBC officially opened a new aerospace manufacturing facility in
1134:
3610:
3585:
1997:
2164:
1788:
555:, while the third was to retain only the 900. There was also a stated possibility that the company would be purchased by third party interests as well.
559:
expressed serious interest in purchasing the company's assets. At the same time the company laid off a further 125 workers, bringing the total to 906.
1389:
1345:
257:. In mid-September 1994, Beech Aircraft Corporation and Raytheon Corporate Jets were merged to form Raytheon Aircraft. Raytheon decided to use the
2981:
2558:
1820:
1564:
968:
2520:
916:
2719:
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3600:
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line. This set of lay-offs brought the total lay-offs to 3,553 since October 2008, which was about 36 percent of the company workforce.
277:
In early 2002, Raytheon announced the return of the Hawker and Beechcraft brands after having marketed them as Raytheon aircraft at the
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2271:
3625:
1371:
998:
17:
1419:
590:
managers said they were entitled to the bonuses because guiding the sale of the bankrupt company was difficult and time consuming.
456:
299:
In October 2006, Raytheon Aircraft Company commenced a US$ 16.3-million 112,000-square-foot (10,400 m) facility expansion for
218:
2453:
1618:
195:, United States, with maintenance and manufacturing locations worldwide. The history of Hawker Beechcraft originated in 1994 when
524:
340:
and, on March 26, 2010, appointed Hawker Pacific Singapore as its first Hawker 4000 authorized service center in Southeast Asia.
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1467:
893:
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1309:
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638:
1442:
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On January 25, 2013, the company announced plans to emerge from bankruptcy, including US$ 600M in exit financing from
2712:
1971:
1763:
1266:
2134:"Bankruptcy: Hawker Beechcraft's exclusive negotiation period with Chinese buyer approved, despite union objections"
1520:
2252:
2085:
1714:
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2754:
2375:
2186:
2023:
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1112:
2108:
885:
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535:
On May 3, 2012, the company filed for Chapter 11 bankruptcy after having laid off 350 employees in late April.
2513:
2349:
1792:
168:
2510:," official website of the main successor company to Hawker Beechcraft Corp., which it replaced in 2012–2013.
2401:
1052:
2427:
1939:
582:, indicated that it may be interested in acquiring the company if the deal with Superior was not completed.
2705:
2297:
2227:
1891:
3526:
3485:
3242:
3041:
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2323:
1393:
1349:
480:, opened the 44,000 sq ft (4,100 m) Maintenance Learning Center, for technician training.
289:
2531:
1238:
1209:
245:. In August 1993, Raytheon Company acquired British Aerospace Corporate Jets (producers of the midsized
3521:
3415:
3006:
2996:
2991:
2516:(NOTE: This site is subject to replacement as a result of company bankruptcy and breakup in 2012–2013.)
477:
2697:
1568:
1346:"Hawker Beechcraft Corporation Celebrates Beechcraft 75th Anniversary, American Management Technology"
400:, cancelled orders for 12 aircraft and deferred all other scheduled deliveries until the end of 2010.
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in US Bankruptcy Court. The bankruptcy resulted in the company accepting an offer to be purchased by
1907:"Analysts watch for Hawker Beechcraft's next move Some say filing for bankruptcy is "when, not if.""
920:
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642:
3495:
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470:
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and Hawker business jet lines of aircraft between 2006 and 2013. The company headquarters was in
184:
118:
3430:
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3207:
2874:
2829:
660:
595:
562:
On July 9, 2012, the company accepted an offer of purchase for US$ 1.79 billion by China-based
496:
226:
94:
60:
50:
1327:
1284:
3559:
3400:
3312:
3197:
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304:
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the company announced the lay-off of 490 employees at its Wichita facility in January 2009.
3420:
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1243:
1214:
781:
713:
626:
In late November 2012, the company made application to the bankruptcy court to sell off 20
460:
379:
337:
1372:"Beechcraft Corp. offers surprising capabilities, Flight International, Michael Gerzanics"
8:
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3187:
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3111:
2941:
2924:
2919:
2909:
2899:
2804:
2759:
2749:
1390:"Hawker Beechcraft Corporation Opens Facility in Mexico, American Maintenance Technology"
758:
412:
319:
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3282:
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3167:
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2879:
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746:
619:
600:
540:
404:
362:
330:
1956:
946:"Hawker Beechcraft files Chapter 11 bankruptcy - Local News - Wichita, KS - msnbc.com"
314:
3.3B. Hawker Beechcraft Inc. was a new company formed by the Canadian investment firm
3172:
2951:
2630:
857:
285:
250:
1078:"Hawker Beechcraft Announces Intent to Emerge from Chapter 11 as Standalone Company"
348:
3440:
3435:
3162:
3147:
2854:
2849:
2844:
2834:
2606:
1595:
1280:
862:
741:
718:
667:
372:
293:
211:
158:
3182:
3142:
3106:
2859:
2681:
2676:
2565:
1313:
768:
707:
547:. One possibility was eliminating all jet production, a second was to retain the
492:
266:
262:
217:
On May 3, 2012, the company entered bankruptcy, filing voluntary petitions under
192:
105:
2549:
2542:
2686:
1328:"Raytheon completes sale of aircraft unit to Hawker Beechcraft for 3.3 bln usd"
701:
687:
567:
329:
2007 marked the 75th anniversary of Beechcraft and the 60th anniversary of the
149:
3579:
2671:
2209:"Hawker Beechcraft proposed sale to Chinese company prompts union objections"
2080:
1911:
696:
659:
The company completed its bankruptcy on February 19, 2013, as a new company,
653:
615:
436:
323:
315:
207:
154:
1310:"Raytheon expanding its Little Rock facility, Arkansas Business, John Henry"
2661:
839:
807:
310:
In March 2007, the purchase of Raytheon Aircraft Company was finalised at
3564:
2650:
2625:
834:
817:
627:
552:
450:
408:
358:
300:
39:
945:
368:
3554:
3549:
3544:
3152:
2976:
2728:
2727:
2635:
1135:"Hawker Beechcraft signals an exit from business jet sector Add to ..."
852:
829:
802:
797:
791:
786:
671:
548:
544:
484:
440:
238:
200:
188:
1267:"Beechcraft King Air marks 40th anniversary, Wichita Business Journal"
523:
In April 2012, the company filed its delayed year-end report with the
1565:"Hawker Beechcraft Makes Significant Progress on Premier II Program"
446:
2575:
1416:"Hawker Pacific Singapore Newest 4000 Center, Aviation Maintenance"
649:
242:
196:
326:. It operated under the name Hawker Beechcraft Corporation (HBC).
2640:
683:
575:
516:
397:
1285:"Three Bids Expected for Raytheon Unit (New York Times website)"
466:
1821:"Hawker Beechcraft Gets $ 120 Million Loan as Covenants Waived"
579:
424:
1053:"Canada blocks $ 5.2 billion Petronas bid for Progress Energy"
914:
1789:"Training centers draw from around the world, Wichita Eagle"
333:, which is the longest running production line of all time.
1640:
1619:"Separate Cases: Hawker's Huge Losses, Sikorsky's Windfall"
311:
1892:"UPDATE 2-US Air Force extends probe of Afghan plane deal"
637:
By early January 2013, the company had agreed to let the
122:
1940:"Exclusive: Hawker Beechcraft readies bankruptcy filing"
999:"Hawker Beechcraft Agrees To Offer From Chinese Company"
3606:
Companies that filed for Chapter 11 bankruptcy in 2012
1556:
206:
In 2006, Raytheon sold the company to a consortium of
431:
2076:"Hawker Beechcraft files plan with bankruptcy court"
1814:
1812:
1810:
1663:"Hawker Beechcraft May Move Operations, Cut Workers"
2550:
The Hawker-Beechcraft Story: A Quick History of HBC
1957:"TEXT-S&P cuts Hawker Beechcraft rating to 'D'"
1938:Kim, Soyoung; Shalal-Esa, Andrea (March 28, 2012).
908:
1113:"Hawker Beechcraft sale to Chinese firm collapses"
97:upon emerging from bankruptcy on February 19, 2013
2315:
1807:
1702:
1641:"Union: Hawker could cut workforce by 75 percent"
1521:"More Cuts At Cirrus, Hawker Beech, Maybe Cessna"
1032:"Hawker Sales Talks Collapse Over Review Worries"
3577:
2165:"Analysts skeptical over Hawker Beechcraft deal"
1685:"More Jobs Lost, At Piper And Hawker Beechcraft"
1279:
1185:"Beechcraft Corporation Emerges From Bankruptcy"
476:In early 2010, the company, in partnership with
144:8000 worldwide, 6300 US headquarters (2010)
3636:Defunct manufacturing companies based in Kansas
3555:Hawker 750 / 800 / 800XP / 850XP / 900XP series
2067:
1898:
1178:
1176:
3616:Manufacturing companies disestablished in 2013
2156:
992:
990:
940:
938:
879:
877:
2713:
2591:
2219:
1951:
1949:
1937:
1149:
1147:
1047:
1045:
966:
2419:
2393:
2367:
2289:
2100:
2041:
2015:
1963:
1857:
1831:
1755:
1729:
1676:
1654:
1610:
1592:"Layoff Notices Go Out At Hawker Beechcraft"
1534:
1512:
1490:
1434:
1173:
261:name to show the lineage of the series from
3611:Manufacturing companies established in 2006
3586:Aircraft manufacturers of the United States
2350:"Hawker Beechcraft Announces Cuts, Layoffs"
2272:"Hawker Beechcraft Bankruptcy Takes A Turn"
1583:
1468:"Hawker Beechcraft announces 2,300 layoffs"
1320:
1156:"Hawker Beechcraft Reorganization Approved"
987:
935:
874:
2720:
2706:
2598:
2584:
2471:
2445:
2341:
2321:
2263:
1989:
1946:
1889:
1738:"Machinists Reject Hawker Beechcraft Deal"
1632:
1144:
1128:
1126:
1072:
1070:
1068:
1066:
1042:
2559:New Beechcraft Emerges To Face the Future
2543:Raytheon Aircraft: Overview & History
2253:"Hawker Beechcraft Says Deal Talks Ended"
2050:"More Layoffs At Hawker; Bids Considered"
1711:"Hawker Machinists reject contract offer"
1562:
1499:"More Layoffs Loom For Hawker Beechcraft"
1461:
1459:
2428:"Hawker Beech Reaches Pension Agreement"
2298:"Beechcraft Eyeing New Turboprop Single"
2073:
1904:
1543:"Hawker Holding Off On Premier II Debut"
666:The new company was acquired in 2014 by
465:
455:
445:
435:
367:
357:
347:
2480:"Judge Approves Hawker Beechcraft Plan"
1866:"Hawker Beech Seeks Break From Lenders"
1465:
1132:
1123:
1063:
1029:
525:U.S. Securities and Exchange Commission
343:
322:, an affiliate of global finance house
14:
3578:
2514:Hawker Beechcraft Corporation web site
2162:
2024:"Hawker Beech Survival Plans Revealed"
1764:"Hawker Beechcraft To Stay In Wichita"
1638:
1456:
1443:"Cessna Will See More Layoffs In 2009"
1237:Daly, Kieran (September 21–27, 1994).
1133:MAROTTE, BERTRAND (October 19, 2012).
915:Hawker Beechcraft Corporation (2010).
279:National Business Aviation Association
2701:
2579:
2425:
2399:
2373:
2322:Bertorelli, Paul (November 1, 2012).
2295:
2225:
2106:
2047:
2021:
1969:
1890:Shalal-Esa, Andrea (March 24, 2012).
1863:
1837:
1761:
1735:
1682:
1589:
1540:
1518:
1230:
1202:
1182:
1107:
1105:
1103:
1025:
1023:
1021:
1019:
996:
883:
566:, a holding company in part owned by
2605:
2376:"Judge Rejects Hawker 4000 Sell-Off"
2228:"Some Hawker Beech Bonuses Approved"
1818:
1708:
1236:
896:from the original on August 12, 2023
639:Pension Benefit Guaranty Corporation
411:production line and the rest in the
2477:
2454:"The Survival Of Hawker Beechcraft"
2451:
2347:
2269:
2109:"Court OKs $ 50 Million For Hawker"
1995:
1660:
1616:
1496:
1440:
1273:
1153:
735:
203:and Raytheon Corporate Jets units.
24:
3601:Companies based in Wichita, Kansas
2552:," rev.3, Updated: August 17, 2012
2530:Harris, Richard (former Chairman,
2521:Aviation Manufacturers: Beechcraft
1998:"Bankruptcy For Hawker Beechcraft"
1972:"Hawker Beech Warns Shareholderse"
1905:McMillin, Molly (March 11, 2012).
1392:. October 25, 2007. Archived from
1100:
1084:. October 18, 2012. Archived from
1030:Spector, Mike (October 18, 2012).
1016:
432:2010s bankruptcy and restructuring
25:
3647:
2500:
2400:Grady, Mary (December 13, 2012).
2374:Niles, Russ (November 20, 2012).
2187:"Textron Considers Hawker Assets"
2163:Roxana, Hegeman (July 10, 2012).
2074:McMillin, Molly (July 15, 2012).
1864:Niles, Russ (December 13, 2011).
1563:Alexander, Nicole (August 2009).
1466:Hegeman, Roxana (February 2009).
1312:. October 9, 2006. Archived from
1210:"Raytheon ties up Corporate Jets"
1183:Niles, Russ (February 19, 2013).
3626:2013 disestablishments in Kansas
2296:Niles, Russ (October 29, 2012).
1838:Grady, Mary (December 5, 2011).
884:Niles, Russ (February 7, 2012).
38:
2478:Pew, Glenn (February 1, 2013).
2452:Pew, Glenn (January 26, 2013).
2426:Niles, Russ (January 8, 2013).
2348:Pew, Glenn (November 7, 2012).
2270:Pew, Glenn (October 18, 2012).
2245:
2201:
2179:
2140:. July 17, 2012. Archived from
2126:
1931:
1883:
1791:. March 6, 2010. Archived from
1781:
1590:Frank, Chris (September 2009).
1408:
1382:
1364:
1338:
1302:
1259:
1154:Pew, Glenn (December 7, 2012).
491:In January 2012, the company's
1970:Niles, Russ (April 14, 2012).
1683:Grady, Mary (September 2010).
1541:Grady, Mary (September 2009).
1348:. July 8, 2008. Archived from
960:
886:"New CEO At Hawker Beechcraft"
710:, United States (headquarters)
27:American aircraft manufacturer
13:
1:
3621:2006 establishments in Kansas
2226:Niles, Russ (July 31, 2012).
2107:Grady, Mary (July 17, 2012).
2022:Niles, Russ (June 17, 2012).
1819:Faux, Zeke (March 27, 2012).
1762:Grady, Mary (December 2010).
868:
677:
177:Hawker Beechcraft Corporation
33:Hawker Beechcraft Corporation
2570:Aviation International News,
2048:Grady, Mary (July 3, 2012).
1736:Niles, Russ (October 2010).
997:Grady, Mary (July 9, 2012).
752:
539:stopping development of the
7:
2402:"Hawker 4000 Sell-Off OKed"
1709:Mann, Fred (October 2010).
1519:Niles, Russ (August 2009).
1441:Pew, Glenn (January 2009).
1239:"Raytheon ditches UK plant"
846:
823:
725:
290:Cerberus Capital Management
78:February 19, 2013
10:
3652:
2532:Kansas Aviation Centennial
2189:. Avweb.com. July 19, 2012
1996:Pew, Glenn (May 3, 2012).
1497:Pew, Glenn (August 2009).
478:FlightSafety International
239:Beech Aircraft Corporation
232:
201:Beech Aircraft Corporation
3535:
3504:
3356:
3125:
2740:
2649:
2613:
1959:. Reuters. April 3, 2012.
764:Beechcraft Super King Air
564:Superior Aviation Beijing
353:Beechcraft Super King Air
247:British Aerospace BAe 125
223:Superior Aviation Beijing
164:
148:
138:
132:General aviation aircraft
128:
112:
101:
89:
74:
66:
56:
46:
37:
18:Raytheon Aircraft Company
1661:Pew, Glenn (July 2010).
1617:Pew, Glenn (July 2010).
1218:: 21. August 18–24, 1993
917:"Investor Relations FAQ"
730:
643:United States government
272:
253:and renamed the company
169:www.hawkerbeechcraft.com
2519:Chance, Carl, editor, "
471:Beechcraft T-6 Texan II
255:Raytheon Corporate Jets
241:became a subsidiary of
187:company that built the
185:aerospace manufacturing
2564:June 15, 2013, at the
948:. MSNBC. March 5, 2012
775:
661:Beechcraft Corporation
596:Beechcraft Corporation
495:lost out to Embraer's
473:
463:
453:
443:
393:
375:
365:
363:Beechcraft A36 Bonanza
355:
227:Beechcraft Corporation
95:Beechcraft Corporation
1598:on September 29, 2009
1422:on September 23, 2015
1396:on September 30, 2011
1352:on September 30, 2011
693:Little Rock, Arkansas
674:brand name survives.
612:Little Rock, Arkansas
529:Chapter 11 bankruptcy
469:
459:
449:
439:
405:Beechcraft Premier II
388:
373:Beechcraft 58TC Baron
371:
361:
351:
305:Little Rock, Arkansas
237:On February 8, 1980,
2557:Harrison, Kirby J. "
2324:"HBC's PR Challenge"
1840:"Hawker 200 On Hold"
1795:on February 21, 2012
1639:KSN-TV (July 2010).
1376:Flight International
1316:on November 3, 2012.
1283:(December 8, 2006).
1244:Flight International
1215:Flight International
782:Beechcraft Premier I
461:Beechcraft Premier I
380:late-2000s recession
344:Late-2000s recession
3243:Musketeer (2 - CAF)
2536:Aviation Answer-Man
2506:Beechcraft Corp., "
2259:. October 18, 2012.
2144:on January 18, 2016
2088:on November 5, 2012
1478:on February 7, 2009
1269:. January 21, 2004.
1119:. October 18, 2012.
1059:. October 20, 2012.
967:Hawker Beechcraft.
759:Beechcraft King Air
378:In response to the
320:GS Capital Partners
303:completion work in
281:annual convention.
140:Number of employees
34:
2667:Arianna Huffington
2167:. Associated Press
1717:on October 5, 2012
1289:The New York Times
923:on August 18, 2010
842:/CT-156 Harvard II
747:Beechcraft Bonanza
670:, under which the
620:San Antonio, Texas
601:Beechcraft Premier
541:Beechcraft Premier
474:
464:
454:
444:
376:
366:
356:
331:Beechcraft Bonanza
183:) was an American
32:
3573:
3572:
2733:Hawker Beechcraft
2695:
2694:
2631:Carestream Health
2621:Hawker Beechcraft
2525:Wings Over Kansas
2508:About Us: History
2213:LeveragedLoan.com
2138:LeveragedLoan.com
1919:on August 8, 2012
1378:. April 10, 2007.
1334:. March 26, 2007.
1082:Hawker Beechcraft
858:Raytheon Aircraft
714:Chihuahua, Mexico
338:Chihuahua, Mexico
286:The Carlyle Group
251:British Aerospace
174:
173:
16:(Redirected from
3643:
3631:Onex Corporation
3596:Raytheon Company
2722:
2715:
2708:
2699:
2698:
2607:Onex Corporation
2600:
2593:
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2240:
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2217:
2216:
2215:. July 17, 2012.
2205:
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2149:
2130:
2124:
2123:
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2119:
2104:
2098:
2097:
2095:
2093:
2084:. Archived from
2071:
2065:
2064:
2062:
2060:
2045:
2039:
2038:
2036:
2034:
2019:
2013:
2012:
2010:
2008:
1993:
1987:
1986:
1984:
1982:
1967:
1961:
1960:
1953:
1944:
1943:
1935:
1929:
1928:
1926:
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1915:. Archived from
1902:
1896:
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1887:
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1713:. Archived from
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1700:
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1594:. Archived from
1587:
1581:
1580:
1578:
1576:
1571:on July 28, 2011
1567:. Archived from
1560:
1554:
1553:
1551:
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1529:
1527:
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1510:
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1483:
1474:. Archived from
1463:
1454:
1453:
1451:
1449:
1438:
1432:
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1429:
1427:
1418:. Archived from
1412:
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1401:
1386:
1380:
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1368:
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1281:Associated Press
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1109:
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1097:
1095:
1093:
1088:on March 4, 2016
1074:
1061:
1060:
1049:
1040:
1039:
1027:
1014:
1013:
1011:
1009:
994:
985:
984:
982:
980:
971:. Archived from
964:
958:
957:
955:
953:
942:
933:
932:
930:
928:
919:. Archived from
912:
906:
905:
903:
901:
881:
863:Textron Aviation
742:Beechcraft Baron
736:Piston-propeller
719:Atlanta, Georgia
668:Textron Aviation
507:as the new CEO.
294:Onex Corporation
212:Onex Corporation
159:Onex Corporation
85:
83:
42:
35:
31:
21:
3651:
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3569:
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3358:
3352:
3121:
2742:
2736:
2731:, Raytheon and
2726:
2696:
2691:
2682:Heather Reisman
2677:Robert Prichard
2645:
2609:
2604:
2566:Wayback Machine
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976:
975:on May 19, 2012
965:
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769:Beechcraft 1900
755:
738:
733:
728:
721:, United States
708:Wichita, Kansas
704:, United States
680:
578:, the owner of
493:Beechcraft AT-6
434:
346:
275:
267:Hawker Aircraft
263:Hawker Siddeley
235:
193:Wichita, Kansas
141:
133:
115:
108:, United States
106:Wichita, Kansas
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3305:
3303:Super King Air
3300:
3295:
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3268:Queen Airliner
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2687:Gerry Schwartz
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2501:External links
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2018:
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1999:
1992:
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155:Goldman Sachs
153:
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134:Business jets
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93:Succeeded by
92:
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49:
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41:
36:
30:
19:
3550:Hawker 400XP
3359:designations
3328:Twin Bonanza
3223:King Air (2)
3218:King Air (1)
3143:Airliner (3)
3138:Airliner (2)
3133:Airliner (1)
2732:
2662:Peter Godsoe
2620:
2614:Subsidiaries
2569:
2535:
2524:
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2483:
2473:
2461:. Retrieved
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2447:
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2431:
2421:
2411:December 13,
2409:. Retrieved
2405:
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2086:the original
2079:
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2057:. Retrieved
2053:
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2031:. Retrieved
2027:
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2005:. Retrieved
2001:
1991:
1979:. Retrieved
1975:
1965:
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1917:the original
1910:
1900:
1885:
1875:December 15,
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1793:the original
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1773:December 23,
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1704:
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1634:
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1612:
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1596:the original
1585:
1575:September 6,
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1536:
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1514:
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1476:the original
1471:
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1436:
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1340:
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1242:
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1220:. Retrieved
1213:
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1194:February 19,
1192:. Retrieved
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1165:December 10,
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1159:
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1086:the original
1081:
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1002:
977:. Retrieved
973:the original
962:
950:. Retrieved
925:. Retrieved
921:the original
910:
898:. Retrieved
889:
840:T-6 Texan II
808:Hawker 900XP
803:Hawker 850XP
665:
658:
647:
636:
634:operations.
632:
628:Hawker 4000s
625:
609:
605:
592:
588:
584:
572:
561:
557:
537:
534:
522:
513:
509:
505:Steve Miller
501:
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482:
475:
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417:
402:
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384:
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335:
328:
309:
298:
283:
276:
258:
254:
236:
216:
205:
180:
176:
175:
119:Steve Miller
102:Headquarters
47:Company type
29:
3565:Hawker 4000
3560:Hawker 1000
3288:Staggerwing
2626:Tomkins plc
2489:February 4,
2463:January 28,
2437:January 10,
2359:November 8,
2307:October 30,
2281:October 21,
1849:December 7,
1747:October 18,
1721:October 17,
1694:October 11,
1482:February 4,
1448:January 12,
1092:October 21,
900:February 9,
835:T-1 Jayhawk
818:Hawker 4000
813:Hawker 1000
553:Hawker 4000
451:Hawker 4000
301:Hawker 4000
249:line) from
199:merged its
3591:Beechcraft
3580:Categories
3545:Hawker 200
3323:Twin Beech
3313:Travel Air
3208:Jet Mentor
2729:Beechcraft
2636:Save-A-Lot
2333:October 5,
1942:. Reuters.
1894:. Reuters.
1526:August 27,
1504:August 17,
1140:. Toronto.
869:References
853:Beechcraft
830:C-12 Huron
798:Hawker 750
792:Hawker 400
787:Hawker 200
678:Facilities
672:Beechcraft
603:fuselage.
549:Hawker 900
545:Hawker 200
485:Hawker 200
441:Hawker 800
219:Chapter 11
189:Beechcraft
114:Key people
82:2013-02-19
3333:Twin-Quad
3298:Sundowner
3263:Queen Air
3258:Premier I
3248:Navigator
3228:Lightning
3188:Expeditor
2654:directors
2651:Corporate
2538:website:
2534:, on the
2237:August 2,
1981:April 15,
1923:March 13,
1825:Bloomberg
1799:March 27,
1426:March 26,
1400:March 27,
1356:March 27,
1294:March 19,
1251:March 19,
1222:March 19,
927:March 24,
753:Turboprop
61:Aerospace
3357:Military
3318:Traveler
3308:Texan II
3293:Starship
3273:Seminole
3168:Debonair
3153:Beechjet
2735:aircraft
2562:Archived
2545:," 2001.
2527:website.
2193:July 23,
2171:July 19,
2148:July 18,
2118:July 19,
2092:July 14,
2033:June 18,
1668:July 14,
1646:July 19,
1624:July 19,
1117:CBS News
1008:July 14,
894:Archived
847:See also
824:Military
771:Airliner
726:Products
650:JPMorgan
413:King Air
243:Raytheon
197:Raytheon
129:Products
57:Industry
3527:MQM-107
3522:MQM-61A
3348:Wichita
3343:Voyager
3283:Skipper
3253:Pegasus
3203:Jayhawk
3193:Grizzly
3178:Duchess
3163:Cochise
3158:Bonanza
2743:Numbers
2641:WestJet
2059:July 5,
1057:Reuters
684:Chester
576:Textron
517:Reuters
409:Horizon
398:NetJets
233:History
165:Website
80: (
75:Defunct
67:Founded
51:Private
3536:Hawker
3517:AQM-37
3505:Drones
3496:CT-156
3491:CT-145
3486:CT-134
3481:CT-128
3278:Sierra
3233:Mentor
3213:Kansan
3173:Denali
2930:A100-1
2007:May 3,
1472:Forbes
1332:Forbes
979:May 4,
952:May 3,
580:Cessna
568:E-Town
497:Tucano
425:Kansas
259:Hawker
150:Parent
3512:QU-22
3436:XT-36
3416:RC-12
3381:AT-11
3376:AT-10
3366:XA-38
3198:Huron
3148:Baron
3126:Names
2741:Model
2484:AVweb
2458:AVweb
2432:AVweb
2406:AVweb
2380:AVweb
2354:AVweb
2328:AVweb
2302:AVweb
2276:AVweb
2232:AVweb
2113:AVweb
2054:AVweb
2028:AVweb
2002:AVweb
1976:AVweb
1870:AVweb
1844:AVweb
1768:AvWeb
1742:AvWeb
1689:AvWeb
1189:AVweb
1160:AVweb
1003:AVweb
890:AVweb
731:Civil
273:2000s
3456:U-21
3446:T-44
3441:T-42
3431:T-34
3411:L-23
3401:C-12
3391:C-45
3386:C-43
3371:AT-7
3183:Duke
3117:3000
3112:2000
3107:1900
3102:1300
3097:1108
3092:1107
3087:1105
3082:1104
3077:1103
3072:1102
3067:1101
3062:1100
3057:1098
3052:1095
3047:1094
3042:1089
3037:1088
3032:1080
3027:1079
3022:1074
3017:1072
3012:1070
3007:1025
3002:1019
2997:1013
2992:1001
2491:2013
2465:2013
2439:2013
2413:2012
2387:2012
2361:2012
2335:2012
2309:2012
2283:2012
2239:2012
2195:2012
2173:2012
2150:2012
2120:2012
2094:2012
2061:2012
2035:2012
2009:2012
1983:2012
1925:2012
1877:2011
1851:2011
1801:2010
1775:2010
1749:2010
1723:2010
1696:2010
1670:2010
1648:2010
1626:2010
1604:2009
1577:2009
1550:2009
1528:2009
1506:2009
1484:2009
1450:2009
1428:2010
1402:2010
1358:2010
1296:2010
1253:2010
1224:2010
1196:2013
1167:2012
1094:2012
1010:2012
981:2012
954:2012
929:2010
902:2012
652:and
641:, a
618:and
551:and
543:and
318:and
312:US$
292:and
265:and
210:and
157:and
90:Fate
70:2006
3476:SNB
3471:JRB
3451:U-8
3426:T-6
3421:T-1
3406:F-2
3396:C-6
3338:Ute
2987:999
2982:997
2977:400
2972:390
2967:360
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2957:300
2952:220
2947:200
2942:120
2937:101
2925:100
2568:,"
2257:NYT
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1036:WSJ
776:Jet
181:HBC
123:CEO
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3466:JB
3461:GB
2920:99
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2910:90
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