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Tag Archives: aviation
Bankrupt Hawker Beechcraft Pensions Only 56% Funded
Collectively, Hawker Beechcraft’s three pension plans are only 56% funded, with $769 million in assets to cover $1.4 billion in benefits. If Hawker Beechcraft ended the plans under the bankruptcy, the Pension Benefit Guaranty Corporation of the U.S. Federal government would pay $533 million of the $611 million shortfall. PBGC is the company’s largest creditor. Continue reading
Posted in aviation, financial results, labor issues, news, news analysis, results, transportation
Tagged auto informed, autoinformed.com, automotive news, aviation, bankruptcy, goldman sachs, hawker beechcraft, Ken Zino, onex, pbgc, steve miller
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Laser Attacks on Airplanes Double in 2010
The Federal Aviation Administration announced today that the number of laser strikes on airplanes in 2010 nearly doubled from the previous year to more than 2,800. This is the highest number of incidents since the FAA first began keeping track of this new safety threat in 2005. Continue reading
Posted in aviation, safety, transportation
Tagged auto informed, auto news, autoinformed.com, automotive news, aviation, aviation safety, faa laser attacks, Ken Zino, zino
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