Hawker Beechcraft To Exit Chapter 11 This Year

By Robert Wall wall@aviationweek.com .
Source: AWIN First .

Hawker Beechcraft expects to exit Chapter 11 bankruptcy protection before year-end. The May 3 filing will lead to the eliminaton of $2.5 billion in debt and will result in the company shedding $125 million in annual debt servicing requirements. “This massive deleveraging of the company will allow Hawker Beechcraft to have sustainable, consistent and long-term success,” Shawn Vick, executive vice president for customers, said at the opening of the EBACE business aviation show ...

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