Hawker Beechcraft fighting downturn via India market

Hyderabad: Leading global producer of corporate jets, Hawker Beechcraft of the US, is fighting the global economic downturn by diversifying into India, Brazil and Russia.
"During the last downturn in the 1980s we had all our eggs in one basket, the US, but this time India, Brazil, Russia and a few other countries are helping us to fight the downturn much better," the company's vice president of international sales Sean McGeough told IANS.
Outside the US, India is the company's second largest market after Brazil, McGeough said. "We are selling about 10-12 aircraft a year in India while we sell about 30 in Brazil," he said. "Today 64 percent of business aircraft in India are our products."
"We expect the Indian market to grow on a steady basis as more and more Indian companies are looking at using aircraft as a business tool," the company's vice president of new business development, Ted Farid, told media.
Recently, the company signed a 10-aircraft deal with Indian property developer and investment company, ISIS Group. Hawker Beechcraft fighting downturn via India market
26/10/08 IANS/Economic Times

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Categories: Foreign Oct 2008