Hawker Beechcraft Strikes $2.9 Million Land Deal

By: Associated Press
By: Associated Press

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Friday, September 7, 2012

Hawker Beechcraft has asked the bankruptcy court for permission to sell a strip of highway frontage to the city of Wichita for $2.9 million.

The court set a Sept. 27 hearing date to consider the request.

Court documents filed Thursday state that the city plans to use the land for a highway expansion project. Hawker says the sale will not affect the value of remaining property.

The Wichita-based plane maker fears the city may initiate eminent domain proceedings that might bring in less money than a private sale.

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