Hawker Siddeley Harrier cancelled after the release of the British Government's 1957 Defence White Paper, which advocated a policy shift away from manned aircraft and towards missiles. This policy resulted in the termination of the majority of aircraft development projects then underway for the British military. Hawker sought to quickly move on to a new project and became interested in Vertical Take Off/Landing (VTOL) aircraft, which did not need runways. According to Air Chief Marshal Sir Patrick Hine this interest may have been stimulated by the presence of Air Staff Requirement 345, which sought a V/STOL ground attack fighter for the Royal Air
Hawker Beechcraft to the bankruptcy court to sell off 20 Hawker 4000s, comprising 13 finished new 4000s, three being built and four used aircraft, at heavily discounted prices to raise money for the company. Existing owners of the aircraft type objected, indicating that this move would greatly devalue their assets. Bankruptcy judge Stuart Bernstein rejected the sale, stating that Hawker Beechcraft had not made a case for the discounted sale being necessary. On December 11, 2012 the judge reversed the order and permitted the sale of the 20 aircraft to proceed, requiring that each sale be reported to the court. In early