February 18, 2011
By Alton K. Marsh
Hawker Beechcraft 2010 results show net sales declined $393.8 million from 2009, to $2.8 billion. The company said the decrease resulted from lower business and general aviation deliveries.
The company reported that it delivered 238 business and general aviation aircraft, compared to 309 during the same period in 2009. The 2009 results included 29 special mission King Air aircraft delivered under the U.S. government’s Project Liberty Phase I program, which are reported as part of the business and general aviation (B&GA) segment. Increased revenue in the Trainer/Attack Aircraft and Customer Support segments partially offset the decline in that segment.
The backlog of orders at the end of 2010 was $1.4 billion, compared to $1.9 billion on Sept. 30. Approximately 28 percent of the backlog represented orders that are not expected to be delivered in 2011. The backlog also includes significant orders from the U.S. government.
OpenAirplane is a new service that simplifies the process for pilots wanting to rent aircraft outside of their home base.
The GACE Flying Club, which grew from a club for Grumman employees, prides itself on offering members low-cost, safe flying and social events.
Chris Lawler, AOPA's Flying Club manager, explains what makes a 501(c)(3) a tax-exempt charitable organization; what makes a 501(c)(7) a social organization; and what advantages a flying club may receive by organizing as a tax-exempt organization.