Reorganizations

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.

Hawker Beechcraft Inc., the struggling aircraft manufacturer, is in the final stages of preparing to file for bankruptcy protection and hand ownership to several hedge funds, said people familiar with the matter. Hawker, based in Wichita, Kan.

Hawker Beechcraft  could file for Chapter 11 bankruptcy as early as Thursday, according to a Wall Street Journal article today. The company is in the final stages of preparing a “pre-arranged bankruptcy” and will hand ownership over to ...

BUSINESS NETWORK INTERNATIONAL: Givers Gain Chapter, 11:30 a.m.-1 p.m. May 2, Bellabrations Banquet Center, 235 Jungermann Road, suite 101, St. Peters. For more information, call Laura Bieker at 314-704-4183. BUSINESS NETWORK INTERNATIONAL ...

The company, based in Lexington, filed for Chapter 11 bankruptcy on March 5, when it listed nearly twice as much debt ($6.89 million) as assets ($3.65 million). It had 101 employees as of March 31, according to a report filed Thursday. Linwood was formed ...