Hawker Beechcraft cancels 450XP jet

By Jon Ostrower

Hawker Beechcraft will cancel the Hawker 450XP midsize light business jet program, FlightBlogger reports today.

According to sources close to the program, poor economic conditions appear to be at the root of the cancellation.

The Hawker 450XP light jet was officially launched at the National Business Aviation Association convention in October 2008. First delivery of the aircraft was expected in the first quarter of 2010.