Tag Archives: onex

Bankrupt Hawker Beechcraft Pensions Only 56% Funded

Posted on 8 May 2012 by Ken Zino

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 , , , , , , , , , , | 1 Comment