Hawker Beechcraft is hoping to emerge from Chapter 11 bankruptcy protection by the end of the year under new ownership through a restructuring plan that would eliminate $2.5 billion of the company’s debt and $125 million in annual interest expenses. The company on May 3 filed for Chapter 11 and announced it had reached agreement on the restructuring plan with financial institutions representing more than two-thirds of the company’s bank and senior debt. Hawker Beechcraft says the ...
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