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Posted: Thursday, 26 July 2012 10:41PM

Judge Delays Decision on Hawker Beechcraft Bonuses



     NEW YORK, NY -- A bankruptcy judge wants to hear more arguments before deciding whether to approve Hawker Beechcraft's request to pay eight top executives more than $5.3 million in bonuses.
     But the judge did allow $1.9 million in bonuses for 31 other lower management-level employees during a hearing Thursday in New York.  That's according to machinists union officials at the hearing.
     The court plans to hear more arguments next month.  The Wichita-based plane maker filed for bankruptcy in May.  Union spokesman Frank Larkin says the case should be about what's best for the company, its employees and Wichita -- not a handful of executives.
     The company had no immediate comment.  Earlier Thursday, the company told the judge its managers were a "talented and capable group" with much work left to do before the company could emerge from bankruptcy.

KAKE News
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07/26/2012 10:42PM
Judge Delays Decision on Hawker Beechcraft Bonuses
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