Judge delays decision on Hawker-Beechcraft exec bonuses
July 27, 2012, Wichita, Kan. - A bankruptcy judge wants more information before deciding whether to approve Hawker Beechcraft's request to pay eight top executives more than $5.3 million in bonuses.
July 27, 2012 By Carey Fredericks
But a company spokeswoman says the judge did allow $1.9 million in bonuses for 31 other lower management-level employees during a hearing Thursday in New York.
The judge asked for a written summary of the day's testimony. It wasn't immediately clear when he may rule on the larger bonuses.
The Wichita, Kan.-based plane maker filed for bankruptcy in May.
Machinists Union spokesman Frank Larkin says the case should be about what's best for the company, its employees and Wichita — not executives.
Hawker Beechcraft declined comment beyond its court filings, which say its managers are a "talented and capable group'' with much work to do.