Hawker Beechcraft expects China, India to continue driving demand for business aviation in Asia

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Wichita, Kansas – Hawker Beechcraft Corporation (HBC) today announced it continues to see strong long-term growth prospects for business aviation across Asia, and has identified it as a key growth market for the coming decade. This viewpoint is supported by new research that reveals that demand for business aircraft deliveries in the region has increased dramatically since 2001. According to recent JETNET research, deliveries of business aircraft across Asia increased by 133% during the 2006-2010 timeframe when compared with the period between 2001-2005.

HBC will display three of its popular models at the Asian Business Aviation Conference & Exhibition (ABACE), from 27 to 29 March, in Shanghai, China: the flagship super-midsize Hawker 4000 business jet, the Hawker 900XP and a Beechcraft King Air C90GTx.

“ABACE is a key event for us, as not only is it one of the flagship events on the Asian business aviation calendar, but it is also a chance for us to connect with our core stakeholders in the region and to showcase our unique proposition to one of the most exciting aviation markets in the world,” said Sean McGeough, vice-president, Europe, Middle East, Africa and Asia.

Asia’s share of worldwide business aircraft deliveries increased from 5.4% to 8.7% between the periods 2001-2005 and 2006-2010. North America, for so long the dominant force in business aviation, saw its share decrease from 67% to 55% during the same period. HBC believes this shift in delivery share signifies the growing importance and influence of emerging markets’ presence in the worldwide business aviation market.

HBC saw a 103% increase in the number of jets and a 97% increase in the number of turboprops it delivered to Asia between 2006-2010, when compared to the period 2001-2005. JETNET data also shows that HBC accounted for 41% of the total number of deliveries in Asia during the past decade.

“Over the past few years, Asia has really been the driving force behind the global economy, with burgeoning economies such as China and India helping the region post GDP growth scores of 8.3%,” McGeough said. “This growth is driving up demand for business aviation and is apparent in the increase in the number of deliveries during the second half of the past decade.”

Furthermore, McGeough said, the proportion of the business aircraft market that is for sale – which is often used as an indicator of the health of the whole market – is relatively low in the region. That figure currently stands at around 7% compared with 12% in North America and 16% in Europe, suggesting that the market in Asia remains strong.

Hawker Beechcraft Corporation is a world-leading manufacturer of business, special mission, light attack and trainer aircraft – 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, Kansas, with operations in Little Rock, Arkansas; Chester, England, UK; and Chihuahua, Mexico. The company leads the industry with a global network of more than 100 factory-owned and authorised service centres. For more information, visit www.hawkerbeechcraft.com.

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This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, including statements 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 may differ significantly from those envisaged by our forward-looking statements. Among the factors that could cause actual results to differ materially from those described or implied in the forward-looking statements are general business and economic conditions, production delays resulting from lack of regulatory certifications and other factors, competition in our existing and future markets, lack of market acceptance of our products and services, the substantial leverage and debt service resulting from our indebtedness, loss or retirement of key executives and other risks disclosed in our filings with the Securities and Exchange Commission.

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