WICHITA, Kan. (AP) _ Aircraft maker Hawker Beechcraft is narrowing down a list of potential buyers as part of its plan to emerge from bankruptcy reorganization.
The Wichita Eagle reports the company disclosed in court documents that along with its investment banker, Hawker Beechcraft developed a list of potential buyers and investors in the months preceding its May 3 filing for Chapter 11.
The details are included in a preliminary reorganization plan and a related disclosure statement that Hawker Beechcraft filed over the weekend with the federal Bankruptcy Court in New York. The company says it began with an initial field of 35 potential buyers and received bids last month from eight.
The prearranged bankruptcy plan is aimed at reducing the company's total funded debt of more than $2.5 billion.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.