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Hawker Beechcraft Deal Triggers Skepticism
Several analysts question large sum.In the wake of Hawker Beechcraft’s announcement that it plans to sell the company to Beijing-based Superior Aviation for $1.79 billion, certain aspects of the deal...
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Hawker Beechcraft Execs Seek Bonuses
Managers could see payouts up to 200 percent of their base pay.As Hawker Beechcraft enters into exclusive talks with Beijing-based Superior Aviation over a potential sale of the American manufacturer,...
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Union, Feds Seek to Block Hawker Beechcraft Bonuses
Lawyers blast $5.3 million in payouts.A federal judge is weighing whether to allow up to $5.3 million in bonuses for eight senior Hawker Beechcraft executives after the company’s union and federal...
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Hawker Beechcraft Lays Off 170 Workers
Layoffs come as execs seek $5.3 million in bonuses.Hawker Beechcraft has issued pink slips to 170 hourly and salary workers as the bankrupt company continues exclusive talks with Chinese-based Superior...
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Pilatus Seeks T-6 Royalties from Hawker Beech
Company asks for $1 million in back payments.A U.S. bankruptcy judge on Tuesday heard a claim by Pilatus alleging that Hawker Beechcraft owes the Swiss company more than $1 million in royalties for the...
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Bankruptcy Judge Rejects Hawker Beechcraft Bonuses
Court blocks incentive plan.A bankruptcy judge has rejected a proposal to give eight top Hawker Beechcraft executives up to $5.3 million in bonuses, ruling the plan would reward them merely for staying...
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Hawker Beech Deal Off; Bizjets in Jeopardy
Superior deal is off; jet business is in question.Hawker Beechcraft today announced that it is planning to move forward from bankruptcy as a standalone company, negating a deal that was in the works...
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Beechcraft Secures Funding for Future Aircraft Development
Piston, turboprop models in the works.After Hawker Beechcraft last week revealed plans to resuscitate its ailing business by shedding its jet product portfolio and focusing on a line of revitalized...
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Hawker Beech Plans To Cut Another 410 Jobs
Move is part of a plan to trim company’s size.Hawker Beechcraft will cut about 410 jobs at four locations as it seeks to reemerge from bankruptcy as a smaller company. Top officials informed employees...
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Bankruptcy Court Approves Beechcraft Plan
Wichita company plans to reform in late January.Hawker Beechcraft has received approval from a U.S. bankruptcy court to reorganize as a smaller, stand-alone company that will focus on the market for...
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