Hawker Beechcraft Disclosure Statement Approved By Bankruptcy Court | 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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 09.14.17

Airborne 09.18.17

Airborne 09.19.17

Airborne 09.20.17

Airborne 09.14.17

Airborne 09.15.17

Airborne-Unmanned 09.19.17

Airborne-YouTube

AMA 09.14.17

Airborne 09.18.17

Airborne 09.19.17

Airborne 09.20.17

Airborne 09.14.17

Airborne 09.15.17

Airborne-Unmanned 09.19.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Fri, Dec 07, 2012

Hawker Beechcraft Disclosure Statement Approved By Bankruptcy Court

Company Will Seek Approval To Exit Bankruptcy At January 31 Hearing

Hawker Beechcraft said Wednesday that the Disclosure Statement filed in connection with the company's Joint Plan of Reorganization (POR) has been approved by the U.S. Bankruptcy Court for the Southern District of New York. Court approval of the adequacy of the Disclosure Statement allows Hawker Beechcraft to begin soliciting approval of the POR from its creditors. The POR is supported by the Official Committee of Unsecured Creditors, and holders of a majority of the obligations under the company's pre-petition credit facility and senior unsecured bonds have also committed to support it.

The voting process will be completed by Jan. 22, 2013, and the company will seek approval from the Court to exit bankruptcy at the confirmation hearing scheduled for Jan. 31, 2013.

Upon its emergence from Chapter 11, the company plans to enter into a new financing facility of at least $525 million, consisting of a term loan and a revolving line of credit, that will be used to repay the debtor-in-possession (DIP) post-petition credit facility, issue letters of credit to replace the DIP and fund ongoing operations.

As part of its reorganization, the company intends to rename itself Beechcraft Corporation and implement a business plan that focuses on its turboprop, piston, special mission and trainer/attack aircraft – the company's leading products – and on its parts, maintenance, repairs and refurbishment businesses, all of which are profitable and have high growth potential.

FMI: www.hawkerbeechcraft.com

Advertisement

More News

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

Airborne-Unmanned 09.12.17: AUVSI Initiatives, UAS v Hurricanes, Collapsible GDU

Also: Hydrogen-Powered Jupiter-H2 UAS, Red Cross, PrecisionHawk, Drone Privacy, Inview Drone Inspection AUVSI announced at a meeting of its Remote Pilots Council several initiative>[...]

AMA Drone Report 09.14.17: MultiGP NatÂ’l Championship, GDU O2, ICAO Registration

Also: AMA Monitoring Volunteer Drones, Aerix DaVinci, FAA ReAuthorization, TobyRich, ADR Test Pilots The 2017 MultiGP National Drone Racing Championship are being held now through >[...]

Airborne 09.19.17: Avro Arrow, Virgin Orbit, No Pot Delivery By Drone

Also: NFlightMic Debut, Natl Av Hall Of Fame, Aero-Calendar, MD v FAA, Med Drone Transport, Ryanair, 'Black Sheep' Kraken Sonar Systems, working with OEX Recovery Group, has discov>[...]

Airborne-Unmanned 09.19.17: FAA OKs FL Drone Ops, ICAO Registry?, No Pot Drones

Also: FAA Reauthorization, Medical Drone Transport, USMC Quadcopters, Canister Launched UAS, Atlas Dynamics Airborne, primarily based in Jacksonville, FL is starting to recover fro>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC