Hawker Beechcraft entered Chapter 11 protection late last week with an agreement already in hand from its secured lenders and senior bondholders to eliminate nearly all of the company’s $2.5 billion in debt and $125 million in interest expenses. The restructuring agreement was signed by financial institutions representing more than two-thirds of the company’s bank and senior debt and will take effect once the plan is confirmed by the U.S. Bankruptcy Court for the Southern District of New ...

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