Wed, Apr 04, 2012
Move Extends The Date Of 10-K Filing
Hawker Beechcraft announced Monday that it has extended the filing date of its Annual Report on Form 10-K for the year ended Dec. 31, 2011. The Company has filed a Form 12b-25 Notification of Late Filing with the U.S. Securities and Exchange Commission and expects to complete and file the Form 10-K on or before April 16, 2012.
Robert S. (Steve) Miller, CEO of Hawker Beechcraft, Inc., said, “The majority of the issues disclosed in this filing reflected the company’s financial position as of Dec. 31, 2011. In the months since then, we have moved aggressively to address many of these matters, most recently with our announcement last week that we have obtained additional liquidity from certain lenders to provide us with the time and flexibility to restructure the company’s balance sheet and better position Hawker Beechcraft for the long term. As part of that forbearance agreement, our lenders also granted the company relief from certain existing loan covenants. We continue to work closely with our lenders toward a comprehensive recapitalization that will resolve these issues and better position the company for the future.
“Let me be clear, these matters all revolve around changes we are working on to restructure the debt taken on in 2007 when the company was acquired. What has not changed – and what will not change in any scenario – is Hawker Beechcraft's commitment and ability to build, sell and service the best airplanes for our civilian and military customers.”
More News
With Testing Soon Complete, Launch Preparations Begin in Earnest Sierra Space's Dream Chaser has been put through the wringer at NASA's Glenn Armstrong Test Facility in Ohio, but w>[...]
Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]
“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]
"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]
IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]