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.