E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/26/2012 in the Prospect News Distressed Debt Daily.

Hawker Beechcraft operating loss grows to $21.9 million in September

By Jim Witters

Wilmington, Del., Oct. 26 - Hawker Beechcraft, Inc. posted a $21.9 million operating loss for September on total sales of $213.5 million, according to the company's monthly operating report filed Oct. 26 with the U.S. Bankruptcy Court for the Southern District of New York.

Those figures compare to a $15.3 million operating loss on total sales of $143.9 million in August.

The net loss in September was $42.4 million, up from $33.7 million in August.

The company also reported cash and cash equivalents of $179.7 million as of Sept. 30, up from $161.5 million at the end of August.

Hawker Beechcraft is a Wichita, Kan.-based manufacturer of business, special mission, light attack and trainer aircraft. The company filed for bankruptcy on May 3. The Chapter 11 case number is 12-11873.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.