Hawker Beechcraft plans to file for bankruptcy, sources say

03/29/2012 | Reuters

Hawker Beechcraft is preparing to file for bankruptcy, sources say. The aircraft manufacturer was purchased by several private equity firms for $3.3 billion in 2007. "Our discussions with our industry sources ... have indicated increasing reluctance by business jet buyers to order jets from an OEM in serious financial straits," said Morgan Stanley analyst Heidi Wood.

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