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 Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.13.18

Airborne-YouTube

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.13.18

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-Unmanned 04.17.18: XPO 2018, Drone Broadcasts, Airbus Inspection Drone

Also: NZ AFB Drone Incident, Police UAVs, Inaugural Drone Boot Camp, Predator 5M Flight Hours This is it! THE major unmanned exposition of the year -- AUVSI XPONENTIAL 2018 starts >[...]

Airborne 04.18.18: FAA Reauthorization, New Bose, Std. Libelle 201 BE

Also: USAF Changes ARFF Standards, Aims Community College, Trent 1000 Package C Update, Global 7000 Extends The House Transportation and Infrastructure Committee has introduced a b>[...]

Airborne 04.18.18: FAA Reauthorization, New Bose, Std. Libelle 201 BE

Also: USAF Changes ARFF Standards, Aims Community College, Trent 1000 Package C Update, Global 7000 Extends The House Transportation and Infrastructure Committee has introduced a b>[...]

Airborne 04.16.18: Terrafugia Jobs, Planes Of Fame Airshow, King Schools

Also: A321LR Goes Long, Elbit Acquires Universal, Becker Avionics, Avionica MiniQAR Terrafugia created 75 new US-based jobs within the past 12 months and is on track to add at leas>[...]

AMA Drone Report 04.12.18: AMA Counters CDA, Night FPV, Google Drone Issues

Also: Drone Assists SAR, Strategic UAV Partnership, Russian Mail Drone Crash, Gold Coast Commonwealth Games As noted in the last AMA Drone Report, the Commercial Drone Alliance has>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC