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Hawker Beechcraft plans to exit bankruptcy by end of January

07-12-2012

Financial disclosure documents approved by a bankruptcy judge this week put Hawker Beechcraft on track to emerge from bankruptcy by the end of January, if the company’s creditors approve its reorganization plan. The company would then be known as Beechcraft Corporation, and while it would no longer make business jets, it would continue to make piston and turboprop aircraft. Hawker has not said what will happen with its jet production lines, type certificates and other related assets, though many other companies are reportedly eying a purchase. Hawker entered bankruptcy in May to escape its heavy debt load from a previous buyout, and said this fall that it would stop producing the Hawker 4000 and Premier lines of business jets.

http://www.sacbee.com/2012/12/05/5033656/hawker-beechcraft-disclosure-statement.html

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