Daily News: October 30, 2012

Creditors to Take Over Hawker Beechcraft After Sale Collapses


Hawker Beechcraft has filed an amended restructuring plan after its sale to Superior Aviation Beijing Co. fell through. Now the creditors will take over the business jet manufacturer.

Creditors include Centerbridge Partners, Angelo Gordon & Co., Sankaty Advisors, and Capital Research & Management, a Bloomberg/BusinessWeek article said. The amended plan swaps debt for equity.

The amended plan is supported by a majority of the company