Advertisement

Archive for Monday, July 16, 2012

Objection to Hawker Beechcraft deal filed

July 16, 2012

Advertisement

— The machinists union is opposing Hawker Beechcraft’s efforts to enter into exclusive talks with a Chinese firm for the sale of its civilian aircraft operations.

A motion filed Monday in U.S. bankruptcy court in New York asks the judge to deny a request seeking up to 45 days to negotiate with Superior Aviation Beijing Co., for the sale of the Kansas manufacturer for $1.79 billion. Superior has agreed to pay $50 million during the exclusivity period to cover operating costs for the business jet company while the deal is finalized.

Comments

Use the comment form below to begin a discussion about this content.

Commenting has been disabled for this item.