Hawker Judge Tells Attys To Inform Retirees On PBGC Deal

Law360, New York (January 17, 2013, 5:38 PM EST) -- A New York bankruptcy judge declined Thursday to make a ruling on Hawker Beechcraft Inc.'s proposed deal with the Pension Guaranty Benefit Corp. that would end its pension plan for nonunion employees and which attorneys say is key to its eventual emergence from Chapter 11 bankruptcy.

Though U.S. Bankruptcy Judge Stuart M. Bernstein said the aircraft maker would likely see its motion approved eventually, he directed the Hawker Beechcraft's counsel to provide salaried retirees who objected to the deal with further details.

“These people are entitled to...
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