News

Hawker Beechcraft Receives Court Approval of First-Day Motions - Yahoo Finance

05/04/12

Among the first-day motions granted today, Hawker Beechcraft received approval to continue to pay employees, and to pay all vendors and suppliers in the ordinary course for goods and services delivered after the commencement of the Chapter 11 case.

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Debt, down market drove plane maker to bankruptcy - Syracuse Post-Standard

05/04/12

The Wichita, Kan.-based aircraft maker filed for bankruptcy protection this week, seeking approval for a plan that would write an estimated $2.5 billion in debt off its books and eliminate almost $125 million in annual cash interest expenses. Hawker ...

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Debt, not market, drove plane maker to bankruptcy - Miami Herald

05/04/12

based aircraft maker filed for bankruptcy protection this week ... It has stopped making its Hawker 400XP until demand improves, according to a filing last month. Hawker Beechcraft sold $2.3 billion worth of business and general aviation ...

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Debt, not market, drove plane maker to bankruptcy - Miami Herald

05/04/12

based aircraft maker filed for bankruptcy protection this week ... It has stopped making its Hawker 400XP until demand improves, according to a filing last month. Hawker Beechcraft sold $2.3 billion worth of business and general aviation ...

[more]

Debt, not market, drove plane maker to bankruptcy - Huffington Post

05/04/12

The Wichita, Kan.-based aircraft maker filed for bankruptcy protection this week, seeking approval for a plan that would write an estimated $2.5 billion in debt off its books. It's the latest piece of bad news for Wichita's aviation economy.

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Analysts: Debt load, not sluggish market, drove Kansas plane maker to bankruptcy protection - Washington Post

05/04/12

The Wichita, Kan.-based aircraft maker filed for bankruptcy protection this week, seeking approval for a plan that would write an estimated $2.5 billion in debt off its books.

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Debt, not market, drove plane maker to bankruptcy - Atlanta Journal Constitution

05/04/12

The Wichita, Kan.-based aircraft maker filed for bankruptcy protection this week, seeking approval for a plan that would write an estimated $2.5 billion in debt off its books. It's the latest piece of bad news for Wichita's aviation economy.

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Pension plan may be terminated in bankruptcy, Hawker officials warn - Chicago Tribune

05/04/12

the guarantee covers only benefits earned before the bankruptcy filing date," according to information provided pension plan members. Other benefits, such as health benefits, will continue uninterrupted, the company said. Their 401(k ...

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Benefit of the Bargain: SDNY Bankruptcy Court Affirms Presumption of Contractual Default Rate for Oversecured Creditors’ Postpetition Interest - jdsupra.com

05/04/12

On April 9, 2012, Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York held that an oversecured creditor in a single asset real estate case was entitled to receive prepetition and postpetition interest at the ...

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The Broke and the Beautiful: Octuplet Edition - Wall Street Journal

05/04/12

This week on The Broke and the Beautiful, “Octomom” Nadya Suleman hatches a Chapter 7 bankruptcy petition, and Sonya Dakar has taken both her skincare company and herself to bankruptcy court. Also this week, the Los Angeles Dodgers sale is complete.

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