Hawker Beechcraft has received approval from a U.S. bankruptcy court to reorganize as a smaller, stand-alone company that will focus on the market for turboprop and piston airplanes.
The plan calls for the company to emerge from bankruptcy under the name Beechcraft Corp. in February with a renewed emphasis on its King Air, Baron, Bonanza and T-6 Texan II light attack aircraft as well as its profitable parts, maintenance, repairs and refurbishment businesses.
