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.
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