Business

Business
7:34 am
Mon April 8, 2013

Overall Airline Performance Up, Report Shows

Credit xlibber/Flickr--Creative Commons

Results of the 23rd annual national Airline Quality Rating were announced Monday at 8:30am (CT) at the National Press Club in Washington D. C.

The Airline Quality Rating system rates the performance of 14 different commercial airlines that carry the majority of all passengers in the United States.

Dean Headley, Wichita State University Professor and co-author of the study says nine of the 14 airlines rated improved their on time arrival performance.

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Business
6:03 am
Mon February 4, 2013

Wichita's Union Station Sold To Developer

The former passenger boarding area at Wichita's Union Station.
Credit Community Photos and Walkshops / Flickr

A Wichita development company has bought Union Station.

Occidental Management plans to restore the 99-year-old former train depot as a place for people to meet, eat, shop and work.

The company closed the deal Friday with Cox Communications. The building had been on the market since 2008.

Occidental chief Gary Oborny says his company wants to retain the marble interior and many of its classic features while also putting in space for office tenants, shops and at least two restaurants.

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Business
1:11 pm
Thu January 31, 2013

Hawker Beechcraft Loses Incentives As Its Local Employment Dips

Hawker Beechcraft says its total number of Kansas employees has fallen below the level required to receive the full state and local government incentives.

The aircraft manufacturer had 3,372 employees as of December 31st. The company was granted $45 million in incentives back in 2010 in exchange for committing to keep 4,000  people employed in Kansas for 10 years.

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Business
6:14 am
Thu January 31, 2013

Chamber Survey Suggests Strong Support For Tax Cuts

Results from the 10th annual Kansas Chamber CEO Poll were released Wednesday. The Chamber uses the results to assist in developing its agenda.

Project Director Pat McFerron says the survey showed strong support for continued state tax reform.

"Twenty-nine percent of Kansas business owners say that taxes are their top concern," says McFerron.

"It's the same percentage that we had last year and again, for 10 years it's been a top concern and this is asked at the start of the survey without us mentioning anything else."

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Business
12:43 pm
Fri January 25, 2013

Mid-Continent Airport Passenger Numbers Flying At Lower Altitude

Passenger numbers are in a holding pattern at the Mid-Continent Airport in Wichita.

The airport's latest passenger figures show the number of passengers fell four percent in December, compared to the same month of 2011. Nearly 116,000 passengers used the airport last month. That's down by almost 4,000 passengers from the previous year.

Business
11:43 am
Wed January 9, 2013

Boeing Begins To Prepare Wichita Facility For Sale

Boeing officials say they will begin actively marketing the company's Wichita defense facilities by the end of January.

Company spokeswoman Kathleen Spicer says Boeing is working with the national real estate firm CBRE Group of Los Angeles to arrange the sale of the property.

Business
2:28 pm
Thu December 13, 2012

Koch Industries To Expand Wichita Campus, Create More Jobs

A rendering of the planned expansion at Koch Industries.
Howard and Helmer Architecture Koch Industries

Wichita based Koch industries Thursday announced plans to expand its northeast campus on 37th Street between Hillside and Oliver.

The new 210,000-square-foot building will be three stories, include a large cafe and have space for 745 employees. Koch spokesperson Melissa Cohlmia says currently Koch Industries in Wichita employs 2,800 people.

"That number, we know, will be significantly increasing," says Cohlmia.

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Aviation
1:10 pm
Wed December 12, 2012

Union Approves Spirit Contract

Members of an engineering union at Spirit AeroSystems in Wichita have overwhelmingly approved a six-year
contract.

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Business
9:56 am
Mon December 10, 2012

Kansas Star Casino Revenue Exceeds Expectations

Lottery officials say revenue from the Kansas Star Casino's first 10 months in operation has exceeded the revenue earned by the two other casinos in Kansas in about the same period.

The Kansas Lottery Commission says the Kansas Star casino, which opened in Mulvane on Dec. 20, 2011, had earned about $158 million through the end of October. That is more than the revenue earned in nearly the same period by the two other state-owned casinos.

Boot Hill Casino in Dodge City earned $119 million. Hollywood Casino in Kansas City, which opened Feb. 3, has earned $93 million.

Breaking
9:05 am
Mon November 19, 2012

Spirit Aerosystems CEO To Retire In 2013

Spirit AeroSystems President and CEO Jeff Turner accepts and award for the company from Gov. Brownback last month.
Credit Spirit Aerosystems / Flickr

Wichita aircraft company Spirit AeroSystems Monday announced that President and CEO Jeffrey Turner will retire in early 2013.

In a press release, Turner said he announced his plan to retire to “ensure adequate time to find a suitable replacement, and allow for an effective handover of duties."

He will continue to serve as President and CEO until his successor takes office.

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