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/NBAA2014 10.24.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.24.14 **
** Airborne/NBAA2014 10.22.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.22.14 **
** Airborne/NBAA2014 10.21.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.21.14 **
** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **

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

Airborne 10.24.14: AML's Innovations, NASA Preps For Mars, LightHawk Saves

Also: AW609 Pilots Honored, Airbus' VIP Cabin, FreeFlight's FTX-200, Quicksilver S-LSA Milestone During our visit this week to NBAA 2014, Jim Campbell had a chance to talk with Mar>[...]

Boeing Announces SF Airlines Order For Converted Freighters

Chinese Carrier Signs Definitive Agreement For 767BCFs China's SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Con>[...]

SmartSky Networks Partners With DAC International

Signs On As Distributor Of The Industry’s First Airborne 4G LTE-Based Wireless Network SmartSky Networks has partnered with DAC International (DAC) as a connectivity partner >[...]

Aero-News: Quote Of The Day (10.26.14)

"Our belief is that, if an AOG occurs, the impact to passengers should be minimal and, they should be supported entirely throughout all phases of the event." Source: Eric Trappier,>[...]

ANN's Daily Aero-Linx (10.26.14)

Aero Linx: Ercoupe Owners Club We fly an airplane that was the peak of pre-World War II development. It took more than a decade and a half before the features of the Ercoupe were t>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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