Monday, March 23, 2009
Hawker Beechcraft Corporation (HBC) today announced its new Chairman and Chief Executive Officer W.W. (Bill) Boisture Jr. The former president of industry-leading companies NetJets and Gulfstream Aerospace Corporation brings more than 30 years of aviation experience to HBC.
“Bill is the right person at exactly the right time,” said Sanjeev Mehra, Managing Director of Goldman Sachs and Chairman of the Board of Directors of Hawker Beechcraft Inc. “His proven ability to drive customer satisfaction and value has never been more important than in this challenging economic environment. I am delighted to welcome Bill to HBC.”
Boisture is the former President of NetJets, Gulfstream Aerospace Corporation and British Aerospace Corporate Jets (a forerunner to Hawker), and the former Chairman and CEO of Butler Aviation. Most recently, he was the President of Intrepid Aviation, a privately held commercial aircraft lessor, and a senior advisor for aerospace at The Carlyle Group.
“As a former leader of NetJets, Gulfstream Aerospace Corporation and British Aerospace Corporate Jets, Bill has the unique experience of having been an HBC customer, competitor and leader,” said Nigel Wright, managing director of ONEX Corporation and a member of the Board of Directors of Hawker Beechcraft Inc. “In addition, as a graduate of the Air Force Academy and a decorated Air Force veteran, he brings expertise and insight to the government business aspect of our company.”
“This is an outstanding opportunity,” said Boisture. “Hawker Beechcraft has the broadest product line-up in the industry, is a leader in advanced technology with its composite aircraft and is well-positioned to succeed coming out of this downturn. Further, I have already seen incredible support from our owners, Goldman Sachs and Onex, and am confident this will be a wonderful partnership.”
Boisture was a fighter pilot in the U.S. Air Force (USAF) and graduated from the USAF Fighter Weapons School and the U.S. Navy Fighter Weapons School (“Topgun” school). He was honorably discharged as a major after 11 years of service. Boisture also has a commercial instrument rating and continues to be an active pilot logging more than 500 hours in the past two years.
Boisture earned his bachelor’s in engineering management from the U.S. Air Force Academy and his master’s in business administration from the University of New Haven. He was on the board of directors for the Association of Graduates of the Air Force Academy for eight years and continues as a trustee of the Falcon Foundation and a member of World Presidents’ Organization.
Boisture succeeds Jim Schuster, who announced his retirement in November.
“We thank Jim for his service and contributions to HBC during his nearly eight years as CEO,” said Mehra. “During his tenure, the company achieved a record order backlog, certified more new models than any other general aviation company and delivered the first Hawker 4000 – HBC’s flagship aircraft and the world’s first composite super-midsize business jet. We wish Jim all the best in his retirement.”