Court Schedules Hawker Beechcraft, Pension Group Hearing

The U.S. Bankruptcy Court for the Southern District of New York has scheduled a hearing on January 17 to consider the agreement between Hawker Beechcraft and the Pension Benefit Guaranty Corp.

Hawker, Pension Benefit Guaranty Reach Settlement

Hawker Beechcraft has agreed to a settlement with Pension Benefit Guaranty, which provides for the cancellation of two pension plans, allowing the company to move forward in gaining approval for its plan of reorganization, a Bloomberg article said.