HBC Expects Majority of Sales to Continue Coming from Outside North America
- Significant investment during downturn to ensure company is poised to benefit from market recovery
"We are seeing growth potential in emerging markets including Africa, Asia, China, India, the Middle East, Russia and South America," said Sean McGeough, Hawker Beechcraft President of Europe, Middle East and Africa. "Overall, the drivers of demand for new aircraft purchases are slowly returning to pre-financial crisis levels, and demand is currently stronger in these emerging markets than in North America and Europe."
Commercial Aircraft Aftermarket Parts and Logistics Market 2013-2023
"There are a number of reasons for this variation around the world, including the availability of financing tools, customer service issues and a lack of parts supply programmes," McGeough said. "We see many of these issues as an opportunity for Hawker Beechcraft. With increased globalisation and regulatory liberalisation, barriers to growth in these markets are falling."
Hawker Beechcraft is beginning to see stabilisation in key market indicators and is cautiously optimistic that market recovery will begin in 2012.
Despite the recent difficult market conditions, Hawker Beechcraft has invested significantly in its operations, including the placement of leadership in the regions, product development, customer support and sales financing programmes. These investments will enable the company to take full advantage of the expected recovery in the business/private aviation sector. Hawker Beechcraft has also streamlined production, improved aircraft performance and enhanced the customer experience.
Throughout last year, Hawker Beechcraft carried out in-depth discussions with more than 3,000 owners and operators and established a customer advisory board consisting of 50 owners from 30 countries. These have been qualitative discussions using survey techniques designed to focus on the company's brand, offerings and competitive positioning. Hawker Beechcraft has analysed the data and used its insights to drive product and service improvements.
"A key result of this strategic approach is that we have developed new aircraft that are created with more than just the U.S. market in mind," McGeough said. "The future of our company is based on listening very closely to our customers, as well as owners of aircraft manufactured by others, and carefully designing our products to exceed their expectations. The new Beechcraft King Air 250 and Hawker 200 are examples of how we listened to our customers and are moving to the next level in the way we develop, sell and support our aircraft around the world."
Source : Hawker Beechcraft Corp.