Hawker Beechcraft Seeks To Renege On Warranties

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Friday, November 16, 2012

Hawker Beechcraft has asked a bankruptcy court to allow it to back out of warranties and other support obligations for its discontinued Hawker 4000 and Premier I and IA aircraft.

The Wichita-based plane maker argued in a court filing Thursday that this was a critical step toward long-term profitability and growth after it emerges from bankruptcy.

The company says the cost of warranty and maintenance-support obligations for those aircraft could amount to tens of millions of dollars over the next five years.

The attorney for the committee of affected aircraft owners did not immediately respond to an email seeking comment.

A hearing was set for Nov. 29.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 179706241 - kake.com/a?a=179706241
Gray Television, Inc.