Judge Grants Bankruptcy Extension for Hawker Beechcraft

In response to a request by Hawker Beechcraft seeking a 120-day extension of the exclusive period during which only the company can file a reorganization plan, a judge in U.S. Bankruptcy Court in New York today agreed to maintain exclusivity through the end of February. Also today, in a separate hearing, the court acted to reserve decision in the case of Pilatus Aircraft’s claim that Hawker Beechcraft owes it more than $1 million in royalties for use of intellectual property in production of the Wichita OEM’s T-6 military trainer.