Beechcraft Going BK

[Geico266]

Just heard it on the radio.

 

[dell30rb]

They are going to burger king?

 

[TMetzinger]

Bendix King instead of Garmin?

Bankrupt?

WTF you talking about, Willis?

 

[Anthony]

http://dealbook.nytimes.com/2012/03...s-said-to-be-preparing-for-bankruptcy-filing/

 

[tonycondon]

no surprises here

 

[Anthony]

Are they unionized? If so they are entitled to a bailout, instead of CH 11 restructuring. Right?

 

[tonycondon]

the shop workers are union of course. the engineers and everyone else are not.

 

[Fearless Tower]

WTF? They made an announcement yesterday saying they had secured a loan deal that would enable them to avoid bankruptcy.

????


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[tonycondon]

no, they re-worked their loans so they could keep the doors open.

http://www.kansas.com/2012/03/27/2273988/new-lender-agreement-provides.html

 

[dell30rb]

I definitely saw an article yesterday that said they had worked a deal to avoid bankruptcy, maybe the article was incorrect.

 

[Geico266]

They are going to burger king?

Bendix King instead of Garmin?

Bankrupt?

WTF you talking about, Willis?

Sorry guys, I was half asleep.

BK = bankruptcy in the finance world

 

[Pilawt]

See, I told you they weren't charging enough for Musketeer parts!

 

[Fearless Tower]

See, I told you they weren't charging enough for Musketeer parts!

They still make/sell Musketeer parts????

I'd think finding parts for a Musketeer would be akin to finding parts for a Duchess.

 

[Skylane81E]

They still make/sell Musketeer parts????

I'd think finding parts for a Musketeer would be akin to finding parts for a Duchess.

Duchess

Don't miss that, anybody need a wing tip for one?

 

[denverpilot]

Bankruptcy car wash. It's the American way.

They'll let a judge and a bunch of lawyers decide how many pennies on the dollar their creditors get, and it'll be business as usual without a single exec taking a pay cut. (Let alone getting fired by the Board.)