Hawker Beechcraft has secured initial court approval that the company says will enable it to continue its ordinary business while the company proceeds with its prearranged Chapter 11 bankruptcy proceedings. The court approval enables the Wichita airframer to pay employees, vendors and suppliers. The company is using $400 million in debtor-in-possession (DIP) financing to meet its obligations. The DIP financing was part of a restructuring plan the company negotiated with senior secured ...

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