Hawker Beechcraft's Ch. 11 Plan Gets Judge's Approval
The plan, approved by U.S. Bankruptcy Judge Stuart M. Bernstein, will convert $1.7 billion in secured debt into equity. The company plans to emerge from Chapter 11 as a stand-alone company named Beechcraft Corp., focused on its profitable turboprop and piston aircraft business.
“Today’s ruling marks the final significant step in...
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