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Comments for Hawker Beechcraft Files For Ch. 11 Bankruptcy Protection
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Thankz a lot Obama!!
the job is probably better than nothing but the guy should keep his resume fresh and available. Lots of uncertainty.
LOL
Before the bankruptcy court allows the company to limit pensions, Goldman-Sachs, who gets 5% to 8% on their $2 Billion loan to Hawker-Beechcraft, should only get what any other person in this country gets today in their CD's in the bank, that's where the bankruptcy court should come in and say, you get what the rest of the people in the country are getting. 1% to 2% at most. You can't get blood out of a turnip. And these parasites at Goldman-Sachs want blood out of all the turnips they have put money into. It's a gamble and you lost. But then they turn around and give multi-million dollar bonuses to their CEOs and upper management. That all has to stop and the truly productive part of the economy must be given a chance to succeed.
Have faith times will get better
experience with groundwater contamination in this area tells us that the city will buy the property, and the taxpayers will have to pay to gt rid of the contamination, just ike colemans downtown plant, and others.
Once again it's the taxpayers $ being flushed down the toilet! How about GOVERNMENT getting out of the way with their rules and regulations (too many laws kill growth), to allow companies to be able to prosper in this country. Our government should NEVER ACT AS CREDITOR WITH OUR MONEY TO BUSINESSES THEY ARE NOT BANKS AND THEY SHOULD NOT ACT LIKE ONE!
I know of a guy who was just hired out there less than two weeks ago. He was concerned with the rumor of this happening and they assured him that this was part of their business plan. Told him his job was safe and not to worry... that Hawker isn't going anywhere.
Just wondering, since all this debt is forgiven, what vendor in its right mind is going to give credit to Hawker for parts and supplies. If I had given them a million dollars of service or parts, and not been paid, why would I want to do that again.
Rot in hell Hawker Beechcraft!! You deserve all the negative karma coming your way!!!
they were on a bad track to begin with, but it got worse when the started hiring all the Cessna managers and vp, and bringing them at higher salary's, getting rid of all the knowledge. did the extra money that they spent improve the business? no just added to the payroll. Unions are not to blame on this, it is everyone who wants to save a dollar that shops at places like Walmart who don't pay a living wage, but we sure don't care about those people do we. but if it is our aircraft job we cry foul if the company wants to say a buck. Think about that next time you pick Walmart over Dillion's or other stores that pay employees a decent wage and benefits. if you are going to talk the walk, you better be backing it. I hope for the employees sake and Wichita that they turn it around out there. But first someone is going to have to start telling the truth about what it takes to build a plane. Make some of the floor workers, the boss and get the real story.
Gladly. I worked there for 13 years. During that time I worked with Trichlorethelene, a cancerous degreaser. That company, then under Raytheon, was give FIVE YEARS to replace their degreasing protocol. They waited til the last week of the last month to action on it. My mistake was I should have sued that place BEFORE I quit. My health and the health of many other people has been destroyed by that place. They are doing it still, threatening their work force, treating them like dirt. They also made practice of placing into the waste stream various contaminated materials. Various petroleum distillates like MEK and such work well for lubrication and cleaning. They're not so much good for the folks who work with them or the drinking water. Any more questions?
Beech / Hawker / Raytheon / Hawker-Beech has a long, troubled history, in many respects. Worst was its stubborn unwillingness to innovate or adequately groom the Beech's family's sucessors during the 1960s & 1970s. That led to an obsolete, taxpayer-dependent (defense-business & tax-break-dependent) aircraft company, sold off to out-of-state owners. Worst possible buyer: Raytheon, who knew absolutely NOTHING about building & supporting airplanes. (No, folks: one-flight missiles don't count). Raytheon (almost purely a defense contractor), was clueless about general aviation & commuter airlines -- most of Beech's normal business. And Raytheon's East-coast execs were clueless on how to work with a Midwestern industry culture. Result? In a few years, "Raytheon Aircraft" was nearly worthless wreckage, Beech/Hawker brands notoriously sullied & developments hopelessly stagnant. Onex knows little more than Raytheon, and it shows. Three generations of stodgy, bureaucratic owners & unions, failiing to adequately innovate and serve the public competitively. Now bailing on their debt, leaving the public holding the bag.
Beech / Beech-Hawker / Raytheon / Hawker-Beech has a long, troubled history, in many respects. Worst was its stubborn unwillingness to innovate or adequately groom the Beech's family's sucessors during the 1960s and 1970s, which led to an obsolete, taxpayer-dependent (defense-business and tax-break-dependent) aircraft company that had to be sold to an out-of-state owner. Worst possible buyer: Raytheon, who knew absolutely NOTHING about building and supporting airplanes. (No, folks: one-flight missiles don't count). Raytheon (almost purely a defense contractor), knew basically nothing about general aviation & commuter airlines, which had been most of Beech's traditional business. And Raytheon's East-coast managers were clueless on how to work with a Midwestern industry culture. Result? In a few years, "Raytheon Aircraft" was a nearly worthless wreckage, with Beech/Hawker brands notoriously sullied, & developments hopelessly stagnant. Onex knows little more than Raytheon, and it shows. Three generations of stodgy, bureaucratic owners & unions, failiing to adequately innovate and serve the public, competitively. Now bailing on their debt, leaving the public holding the bag.
Yeah sure they will make a strong come back,,just strong enough to lay off some more of the remaining employees