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Hawker Beechcraft Asks Court for More Time to File Exclusive Chapter 11 Plan

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Hawker Beechcraft has asked for more time to file a plan to emerge from bankruptcy, the Associated Press reported on Friday. The Wichita, Kansas-based plane maker asked a bankruptcy court on Thursday to extend until at least Dec 29 the exclusivity period to file a chapter 11 plan. It also wants to extend until Feb. 27 the time to solicit acceptance of the plan from each debtor. Hawker Beechcraft says it needs more time to evaluate and pursue both emerging from bankruptcy as a stand-alone company and emerging through a third-party sale.