Hawker Beechcraft's disclosure statement and reorganization plan, which includes emerging from bankruptcy as a smaller, stand-alone company, has been approved by the U.S. Bankruptcy Court for the Southern District of New York, the Wichita (Kan.) Eagle reported today. The approval from the court paves the way for the company to begin soliciting approval from its creditors. The voting process for creditors is to be completed by Jan. 22. Hawker Beechcraft will seek approval from the court to emerge from bankruptcy at a confirmation hearing scheduled for Jan. 31.
