News

Goldman's Hawker Beechcraft Files for Bankruptcy Protection - San Francisco Gate

05/03/12

(Updates with pension plans in seventh paragraph and sales drop in 14th paragraph.) May 3 (Bloomberg) -- Hawker Beechcraft Inc., the private- jet maker owned by Goldman Sachs Group Inc. and Onex Corp., sought bankruptcy protection after agreeing ...

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Hawker Beechcraft files for bankruptcy protection - Findlaw.com

05/03/12

WICHITA, Kan. (AP) — Hawker Beechcraft filed for bankruptcy protection Thursday in the latest blow to Wichita's beleaguered aircraft industry, with the company saying it had reached an agreement with many creditors on a plan to restructure its debt.

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Jet maker Hawker Beechcraft seeks Chapter 11 - Minneapolis Star Tribune

05/03/12

Hawker Beechcraft Inc., the private-jet maker owned by Goldman Sachs and Onex Corp., sought bankruptcy protection after debt mounted and sales slumped. Hawker, bought for $3.3 billion in 2007, listed more than $1 billion in assets and debt in ...

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Alabama Senate passes tax for bankrupt county - msnbc.com

05/03/12

(Reuters) - The Alabama State Senate on Thursday approved a bill allowing cash-strapped Jefferson County to revive a local jobs tax that county officials say is central to working out its $4.27 billion bankruptcy case. The bill, which must also be approved ...

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Philadelphia Orchestra Plans Fundraiser to Exit Bankruptcy - Businessweek

05/03/12

The orchestra, which has been paying reduced rent since filing bankruptcy, has negotiated a new lease that is in the process of being put in final, written form. Before the bankruptcy, the orchestra paid about $2.5 million a year in rent ...

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Was it Smart for ‘Octomom’ to Declare Bankruptcy? - Time

05/03/12

The bankruptcy might give Suleman a fresh start, but the filing means that her creditors — which include a Christian school and her own father — are out of luck.  Suleman filed for Chapter 7 bankruptcy, in which a debtor’s assets are ...

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Hawker Beechcraft to stay open, keep paying workers and suppliers during bankruptcy - Chicago Tribune

05/03/12

Financially troubled Hawker Beechcraft filed for Chapter 11 bankruptcy protection Thursday ... company's reorganization plan is approved by the Court and the Chapter 11 case is concluded. "We are pleased to have reached an agreement with ...

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Business jet maker Hawker Beechcraft files Chapter 11 - Fort Worth Star-Telegram

05/03/12

Hawker Beechcraft Corp., the corporate successor to the historic Beech Aircraft Co., in Wichita, Kan., has filed a Chapter 11 banruptcy petition seeking to reorganize. The pre-arranged bankrutpcy reorganization will allow the company to rid ...

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Hawker Beechcraft files for bankruptcy protection - Yahoo Finance

05/03/12

Bankruptcy court records show 18 Hawker Beechcraft entities ... including $135.6 million in interest and other costs. Sales at Hawker Beechcraft fell by more than 13 percent, or $369.6 million, in the year ending December 2011, according to ...

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Hawker Beechcraft files for bankruptcy protection - Palm Beach Post

05/03/12

WICHITA, Kan. — Hawker Beechcraft filed for bankruptcy protection Thursday in the latest blow to Wichita's beleaguered aircraft industry, with the company saying it had reached an agreement with many creditors on a plan to restructure its debt.

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