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Hawker Beechcraft Disclosure Statement Approved by Bankruptcy Court



     Hawker Beechcraft Disclosure Statement Approved by Bankruptcy Court

PR Newswire

WICHITA, Kan., Dec. 5, 2012

WICHITA, Kan., Dec. 5, 2012 /PRNewswire/ -- Hawker Beechcraft, Inc. (Hawker
Beechcraft) today announced that the Disclosure Statement filed in connection
with the company's Joint Plan of Reorganization (POR) has been approved by the
U.S. Bankruptcy Court for the Southern District of New York.  Court approval
of the adequacy of the Disclosure Statement allows Hawker Beechcraft to begin
soliciting approval of the POR from its creditors. The POR is supported by the
Official Committee of Unsecured Creditors, and holders of a majority of the
obligations under the company's prepetition credit facility and senior
unsecured bonds have also committed to support it.

The voting process will be completed by Jan. 22, 2013, and the company will
seek approval from the Court to exit bankruptcy at the confirmation hearing
scheduled for Jan. 31, 2013.

Upon its emergence from Chapter 11, the company plans to enter into a new
financing facility of at least $525 million, consisting of a term loan and a
revolving line of credit, that will be used to repay the debtor-in-possession
(DIP) post-petition credit facility, issue letters of credit to replace the
DIP and fund ongoing operations.

As part of its reorganization, the company intends to rename itself Beechcraft
Corporation and implement a business plan that focuses on its turboprop,
piston, special mission and trainer/attack aircraft – the company's leading
products – and on its parts, maintenance, repairs and refurbishment
businesses, all of which are profitable and have high growth potential.

Hawker Beechcraft's legal representative is Kirkland & Ellis LLP; its
financial advisor is Perella Weinberg Partners LP; and its restructuring
advisor is Alvarez & Marsal. The Ad Hoc Committee of Senior Secured Lenders'
legal representative is Wachtell Lipton Rosen & Katz. Credit Suisse serves as
agent for the lenders under Hawker Beechcraft's secured pre-petition and
debtor-in-possession credit facilities. Credit Suisse' legal representative is
Sidley Austin LLP and its financial advisor is Houlihan Lokey. The Unsecured
Creditors Committee's legal representative is Akin Gump Strauss Hauer & Feld
LLP and its financial advisor is FTI Consulting, Inc.

This release is not intended as a solicitation for a vote on the POR.

Hawker Beechcraft is a world-leading manufacturer of business, special
mission, light attack and trainer aircraft – designing, marketing and
supporting aviation products and services for businesses, governments and
individuals worldwide. The company's headquarters and major facilities are
located in Wichita, Kan., with operations in Little Rock, Ark.; Chester,
England, U.K.; and Chihuahua, Mexico. The company leads the industry with a
global network of more than 100 factory-owned and authorized service centers.
For more information, visit www.hawkerbeechcraft.com.

Media contact:
Nicole Alexander
+1.316.676.3212
Nicole_Alexander@hawkerbeechcraft.com
www.hawkerbeechcraft.com

SOURCE Hawker Beechcraft, Inc.

Website: http://www.hawkerbeechcraft.com
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