Regulations and Government
Hawker Beech Files for Chapter 11 Bankruptcy Protection
Despite filing Chapter 11 bankruptcy today, Hawker Beechcraft will continue normal operations, meaning its aircraft production lines–such as this one for the Hawker 900XP–will continue to flow.
Despite filing Chapter 11 bankruptcy today, Hawker Beechcraft will continue normal operations, meaning its aircraft production lines–such as this one for the Hawker 900XP–will continue to flow.

Hawker Beechcraft announced at 3:30 p.m. EDT today that it has reached an agreement with a “significant number” of its senior secured lenders and senior bondholders on the terms of a financial restructuring plan that will “strengthen the company for the future and eliminate approximately $2.5 billion in debt and approximately $125 million of annual cash interest expense.” To move this process forward, the Wichita-based OEM and certain of its subsidiaries today filed voluntary petitions under the Chapter 11 bankruptcy code.