Daily News: June 29, 2012

Hawker Beechcraft Reports $90 Million Net Loss in May


The Wichita Eagle reported, according to a filing with the U.S. Bankruptcy Court, in which financially troubled Hawker Beechcraft posted a $90 million net loss in May, including $33 million in operating losses.

In a related story posted by Aviation International News, subsequent to its bankruptcy filing in early May, Hawker Beechcraft listed a number of options available under its reorganization plans, among them sale of part or all of the company. The plane maker has also voiced its intention to restructure and emerge from bankruptcy by the end of this year.

Hawker Beechcraft filed for Chapter 11 bankruptcy restructuring following a prolonged downturn in the business jet industry and a heavy debt load undertaken when Goldman Sachs and Onex Partners bought the company in 2007 from Raytheon.

To read The Wichita Eagle article, click here.

Previously on abfjournal.com:

Court Approves Hawker Beechcraft Continued Use of DIP Loan, Monday, June 04, 2012