12/15/2009

Fractional aircraft ownership company NetJets has reduced its orders with Hawker Beechcraft by 90%, reducing Hawker Beechcraft's backlog by $2.6 billion. The aircraft were to have been delivered over the course of several years beginning in 2011, and, with the cancellations, the company's backlog at the end of 2009 is estimated to be $3.5 billion.

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