Hawker Beechcraft Corporation to Explore Divestiture of Fuel and Line Service Operations

WICHITA, Kan., Nov. 2 /PRNewswire/ -- Hawker Beechcraft Corporation (HBC) will explore the possible divestiture of its domestic U.S. fuel and line operations. HBC will retain its Hawker Beechcraft Services maintenance and customer support facilities collocated at these locations.

"We have had strong interest in our fuel and line operations for several years," said Jim Schuster, chairman and CEO of Hawker Beechcraft Corporation. "We are committed to providing our Hawker Beechcraft customers with the finest quality products and exceptional maintenance, service and support. The prospective sale of our fuel business aligns well with our strategy to focus our investments in our maintenance and support operations."

HBC operates fuel and line service operations at seven domestic U.S. locations including: Atlanta, Ga.; Houston, Tex.; Indianapolis, Ind.; San Antonio, Texas; Tampa, Fla.; Van Nuys, Calif.; and Wichita, Kan. Operations in Little Rock, Ark., Chester, U.K. and Toluca, Mexico will not be affected.

HBC has engaged Harris Williams to serve as its financial advisor and assist in the process. As a matter of policy, the company will not comment upon any proposals received or any rumors relating to the foregoing.

Hawker Beechcraft Corporation is the world's leading business, special-mission and trainer aircraft manufacturer - designing, marketing and supporting aviation products and services for businesses, governments and individuals worldwide. The company's headquarters and major facilities are located in Wichita, Kan., with operations in Salina, Kan.; Little Rock, Ark; and Chester, England, U.K. The company leads the industry with a global network of over 100 factory-owned and authorized service centers.

This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other periodic reports posted to our website and/or required to be filed with the Securities and Exchange Commission.

SOURCE Hawker Beechcraft Corporation