Aviation

Hawker Beechcraft extends date to file fourth-quarter, year-end earnings

Hawker Beechcraft has extended the date it will file its 2011 annual financial report with the Securities and Exchange Commission.

The report, Form 10-K, was due Friday.

The company filed notification with the SEC that it will complete and file the form on or before April 16, it said.

The majority of the issues disclosed in the filing reflected the company’s financial position as of Dec. 31, 2011, Steve Miller, Hawker Beechcraft CEO, said in a statement.

In the months since, Hawker Beechcraft has moved to address many of the matters, most recently with the recent announcement that it has obtained additional liquidity from certain lenders to give the company time and flexibility to restructure its balance sheet, Miller said.

As part of that agreement, lenders also granted the company relief from certain existing loan covenants, he said in the statement.

“We continue to work closely with our lenders toward a comprehensive recapitalization that will resolve these issues and better position the company for the future,” Miller said.

“What has not changed — and what will not change in any scenario — is Hawker Beechcraft’s commitment and ability to build, sell and service the best airplanes for our civilian and military customers,” he said in the statement.

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