Photo: curimedia via flickr
It looks like Hawker Beechcraft could be in quite a bit of financial trouble.According to a report on Reuters, Hawker Beechcraft is getting ready to file for bankruptcy.
The company, which was purchased for $3.3 billion in 2007 by Goldman Sachs Group’s private equity arm and Onex Corporation is beginning the process of a prearranged bankruptcy with its biggest lenders.
It is expected that the lenders, who include Centerbridge Partners, Angelo Gordon and Capital Research & Management, are expected to provide up to $500 million to allow Hawker to continue operations while in bankruptcy.
NOW WATCH: Executive Life videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.