Hawker Beechcraft looks to sell property, easements for $2.93 million

By Caroline Salls

Pittsburgh, Sept. 7 - Hawker Beechcraft, Inc. requested court approval of the proposed $2.93 million sale of its Sedgwick County, Kan., property to the City of Wichita, Kan., along with a temporary construction easement and permanent drainage easement, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Of the $2.9 million purchase price, the company said $1.07 million is for the property and drainage easement, $264,249 is for the construction easement, and $1.6 million will be used to cure items affected by the private sale, including the relocation of an existing interior road.

Hawker Beechcraft said the property and easement package covers a thin strip of highway frontage property located along the south side of its Wichita, Kan., headquarters.

The city intends to use the property for a highway expansion project.

A hearing is scheduled for Sept. 27.

Hawker Beechcraft, a Wichita, Kan.-based manufacturer of business, special mission, light attack and trainer aircraft, filed for bankruptcy on May 3. Its Chapter 11 case number is 12-11873.

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