"Today marks the rebirth of an 80-year-old American aircraft manufacturing business with a globally recognized brand," said Bill Boisture, chief executive officer of the new company, Beechcraft.
"Beechcraft has emerged from this process a stronger company with both financial and operational strength and stability. We have a strong line of versatile and globally renowned products like the King Air turboprop and the T-6 military trainer aircraft, and the largest global customer support network in the industry."
"Our highly skilled and dedicated work force is focused on building aircraft of exceptional quality and reliability. With these elements as our foundation for the future, we will compete worldwide and we will win," he said.
Beechcraft said its Global Customer Support team and its factory-owned service center network, Hawker Beechcraft Services, will continue supporting all Hawker and Beechcraft products.
The service center network has 10 facilities in the United States, Mexico and Britain and more than 90 authorized service centers around the world.
2014: The Year in Music [PHOTOS]