Court Greenlights Hawker Beechcraft Reorganization Plan | Aviation International News

Court Greenlights Hawker Beechcraft Reorganization Plan

By AIN Staff • AIN Staff

February 2, 2013

In a decision opening the way for Hawker Beechcraft to emerge from Chapter 11 bankruptcy later this month, U.S. Bankruptcy Court today approved the Wichita OEM’s joint plan of reorganization. “Today’s ruling marks the final significant step in the restructuring process,” said Hawker Beechcraft CEO Steve Miller. The company said that, as part of the reorganization, it will be rebranded Beechcraft Corp. and will implement a business plan focused on its turboprop, piston, special mission and trainer/attack aircraft, as well as on its parts, maintenance, repairs and refurbishment businesses, “all of which are profitable and have high growth potential.”

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