Miller: Hawker Beechcraft will decide on plan in coming weeks

Steve Miller, CEO of Hawker Beechcraft, has said that Hawker
Beechcraft will announce a new plan to deal with its debt problems in the next
few weeks.

In a statement following the announcement of a $632 million
loss for 2011 he said: “Today’s filing reflects the combined effect of the
prolonged weakness in our market that has continued to affect our business and
the heavy debt burden the company has operated under since 2007.  Hawker Beechcraft continues to work closely
with our lenders to restructure the company’s balance sheet, and to do so as
quickly as possible. In the coming weeks, we expect to decide on a path forward
for Hawker Beechcraft that will include a plan that will put the company on
firm financial footing and better position Hawker Beechcraft for the
future.  As we move forward with this
process, we remain steadfast in our commitment to building, selling and
servicing the best airplanes for our civilian and military customers.”