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African mining boom good for Hawker Beechcraft's expansion plans

[Johannesburg, 18 July 2012] - Hawker Beechcraft Corporation (HBC), the world-leading manufacturer of business, special mission and trainer aircraft, has identified Africa as offering some of the best growth prospects of any region in the world for business aircraft. One of the significant drivers of this growth is Africa's booming mining environment.

Africa is home to over 30% of the world's mineral resources and is increasingly attracting investment from large multinational mining corporations. Mining revenue on the continent increased by over a third (36%) in the last year alone1 and shows little sign of abating. With resources often found in remote locations, the continent's land transport infrastructure can lag behind the development of the mines, leading to an increased demand for airborne alternatives.

Many countries in Africa plan to increase spending on railways and roads over the next few years to help unlock their coal, platinum, palladium, chrome and other mineral deposits, and encourage further investment. However, currently air travel is often the most convenient, and sometimes the only way to transfer between locations and HBC therefore believes that business aviation has a vital role to play in the development ofAfrica's mining sector.
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African mining boom good for Hawker Beechcraft's expansion plans

Last updated : 18 July 2012

 
 
 

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