Skip to main content

Court to Rule on Sale of Hawker Jets

Submitted by webadmin on

A major hurdle facing Hawker Beechcraft in its effort to restructure and emerge from chapter 11 protection is the sale of the company's inventory of the Hawker 4000 series plane, AINonline.com reported yesterday. The hearing date for the company's request for court approval of the sale is now set for December 11, following a decision last week by Bankruptcy Judge Stuart Bernstein to deny the company's request for an expedited hearing and sale. Hawker Beechcraft said that it expects the sale of approximately 20 Hawker 4000s "will be at a substantial discount."