Hawker Beechcraft In Talks With Potential Buyers

By: AP Posted By: Stephanie Schultz
By: AP Posted By: Stephanie Schultz

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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 161365895 - wibw.com/a?a=161365895