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 06.15.17

Airborne 06.19.17

Airborne 06.20.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.16.17

Airborne-Unmanned 06.20.17

Airborne-YouTube

AMA 06.15.17

Airborne 06.19.17

Airborne 06.20.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.16.17

Airborne-Unmanned 06.20.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

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

Airborne 06.21.17: A380plus??, Lycoming TBO Upgrade, Drone Racing League Premier

Also: WomenVenture, EAA Pilot Proficiency Ctr, 787-9 Order, Cardiac Drones, Cessna Ldg Gears, A320neo, Nightwarden TUAS Airbus is presenting a development study for an enhanced A38>[...]

Airborne 06.21.17: A380plus??, Lycoming TBO Upgrade, Drone Racing League Premier

Also: WomenVenture, EAA Pilot Proficiency Ctr, 787-9 Order, Cardiac Drones, Cessna Ldg Gears, A320neo, Nightwarden TUAS Airbus is presenting a development study for an enhanced A38>[...]

Airborne 06.20.17: MAKO Near 1st Flt, Proteus 1000th, Pegasus Flying Car

Also: SR-72 Details, Aero-Calendar, Spitfire Flips, Tecnam Twins, Space Tourism, Iridium NEXT, Falcon Aviation The first new product since the relocation of experimental aircraft p>[...]

AMA Drone Report 06.15.17: AMA Museum-1999 Draganflyer, FPV Fest, Drone-Betting?

Also: AMA Outreach, Drone Theft, Dumb Drone Regs--In NJ, AMA Drone Report -- Help Wanted It’s never too late to start documenting history... even when it comes to topics like>[...]

Airborne-Unmanned 06.20.17: UAS Orgs v Bad Regs, Anti-Collision, Drone Race $$

Also: Solar-Powered UAS, NK Drone, UAS Survey, Brian Wynne Interview The team at AUVSI is staying plenty busy as they and 13 other organizations authored a letter to members of Con>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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