Responding to a number of objections from former employees, Hawker Beechcraft is defending its request for a “distress termination” of two of its three pension plans, saying it would be “impossible” to emerge from Chapter 11 bankruptcy protection otherwise. Under the request, Hawker Beechcraft would continue its pension plan covering hourly workers, but cancel those covering salaried workers (salaried plan) and nonunion workers in the customer support segment (base plan). Hawker ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "HBC: Reorganization 'Impossible' Unless It Drops Pensions".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.