Sale Rumors Swirls Around Hawker Beechcraft | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **

Tue, Jun 05, 2012

Sale Rumors Swirls Around Hawker Beechcraft

Lawyer Tells Court It Is Under Considerations

A lawyer representing Hawker Beechcraft in bankruptcy proceedings told a court late last week that the company is open to the idea of its being sold, and the Dow Jones Daily Bankruptcy Review indicates that interested parties have until June 7th to submit documentation of their bids for HBC.

The Wichita Eagle reports that there were several developments in the proceedings last week. Judge Stuart Bernstein ruled that HBC could continue to borrow against a $400 million loan made by 4 senior lenders. He also approved changes in documents relating to that loan extending a window for an investigation of the company's leveraged buyout in 2007. HBC's unsecured creditors and the Pension Benefit Guaranty Corp now have until August 10th to complete that investigation.

The judge also approved motions allowing HBC to continue to pay its employees as well as financial consultants on retainer through the firm Perella Weinberg Partners and other bankruptcy professionals.

HBC Executive Vice President Shawn Vick told the paper that the "divestiture" option was just one of many possible outcomes, and that the company had undertaken a "modeling exercise" to explore those options, and the talk of a possible sale should not be taken out of context.

FMI: www.hawkerbeechcraft.com

Advertisement

More News

Annual Oshkosh 2014 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]

Airborne 08.29.14: Google Drone!, Cessna's 10,000th, Bearhawk LODA

Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]

Aero-TV: The Tecnam Juggernaut -- SeaSky, P2008, P2010, Trainers, and Astore!

An Impressive Line-Up Continues To Make A Solid Impact On Sport Aviation ANN CEO and Editor-In-Chief, Jim Campbell seized the opportunity to talk with Phil Solomon, the CEO of Tecn>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-17-04 PRODUCT: Certain Bombardier, Inc. Model CL-600-2B19 (Regional Jet Series 100 & 440) airplanes.>[...]

ANN's Daily Aero-Linx (09.02.14)

FAA General Aviation Airports Report Beginning in 2010, the FAA began a national review of the general aviation airports resulting in two reports, General Aviation Airports: A Nati>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC