The sale, which was first announced on February 22, 2008, will allow Hawker Beechcraft Services (HBS) to concentrate more on its core business including aircraft maintenance, repair, avionics and modifications, and to invest in the further expansion of its existing service centers.
The transaction includes fuel and line operations at seven domestic US locations in Atlanta, Georgia; Houston and San Antonio, Texas; Indianapolis, Indiana; Tampa, Florida; Wichita, Kansas; and Van Nuys, California.
Of these operations, six have been transferred to BBA; with the company expecting final sale of its Van Nuys facility once the necessary regulatory approvals have been received.
HBC will retain its factory-owned HBS maintenance and customer support facilities located at these locations. Operations in Little Rock, Arkansas; Chester, UK; and Toluca, Mexico will not be affected.
Jim Schuster, HBC chairman and CEO, said: Completion of this sale allows us to significantly invest in our network of maintenance and service facilities worldwide. We can now achieve our goal of having the absolute best company-owned service center organization in the industry.
