Thursday, May 3, 2012

Reuters: Bankruptcy News: Hawker Beechcraft files for bankruptcy protection

Reuters: Bankruptcy News
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Hawker Beechcraft files for bankruptcy protection
May 3rd 2012, 19:43

Thu May 3, 2012 3:43pm EDT

May 3 (Reuters) - Hawker Beechcraft Inc, the aircraft manufacturer owned by Goldman Sachs Group Inc's private equity arm and Onex Corp, said it filed for voluntary Chapter 11 bankruptcy protection to restructure its debt.

The company said its restructuring plan was supported by a majority of senior secured lenders and senior bondholders, and that senior lenders have agreed to provide $400 million in debtor-in-possession financing.

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