Daily News: February 1, 2013

Bloomberg: Hawker Bankruptcy Exit Disrupted by Ruling


Bloomberg reported that Hawker Beechcraft’s effort to exit bankruptcy was disrupted after a judge refused to approve part of the aircraft manufacturer’s restructuring plan.

The article noted that U.S. Bankruptcy Judge Stuart Bernstein in Manhattan said at a court hearing he would approve the plan while rejecting terms for a Hawker unit that he said conflicted with bankruptcy laws. The proposed plan would swap debt for equity and hand ownership of Hawker to creditors, Bloomberg reported.

To read the full Bloomberg story, click here.