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 -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.20.24

Airborne-Unlimited-05.28.24

Airborne-Unlimited-05.22.24 Airborne-FlightTraining-05.23.24

Airborne-Unlimited-05.24.24

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

Aero-News: Quote of the Day (05.25.24)

“Warbirds in Review features veterans, aviation legends, and aircraft that simply cannot be seen together in one place anywhere else in the world. Many of these veterans main>[...]

Airborne 05.22.24: NS-25 Chute Failure, #HonorTheWASP, SkyCourier 'Combi'

Also: VAI v Anti-Heli Actions, Electric Aircraft Symposium, 2024 FAA Drone/AAM Symposium, Gravitymaster Blue Origin's seventh passenger flight ended with a smidgeon of drama when o>[...]

Aero-News: Quote of the Day (05.26.24)

“The importance of this YF-16 paint scheme is celebrating 50 years of the F-16 Viper. Everyone at Edwards has a big sense of pride for not only supporting the Viper Demo Team>[...]

ANN's Daily Aero-Linx (05.26.24)

Aero Linx: National Aeronca Association We are dedicated to supporting the design and preserving the history of Aeronca aircraft. Founded by Jim Thompson and fostered by his leader>[...]

Klyde Morris (05.24.24)

Klyde Sounds Like He's Defining An 'Influencer' FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC