Hawker Gets More Time For Ch. 11 Plan Amid Superior Talks

Law360, New York (August 30, 2012, 3:40 PM EDT) -- A New York bankruptcy judge on Thursday extended by 120 days the period during which Hawker Beechcraft Inc. can exclusively file a Chapter 11 plan, while the debtor continues to work toward definitive documentation in a sale bid by Superior Aircraft Beijing Co. Ltd.

Hawker's case involves two possible outcomes: either a standalone Chapter 11 restructuring or the purchase of most of its assets by Superior. The company wanted the extension of its exclusivity period as protection against other contingencies offering up a competing plan while...
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