Hawker Beechcraft wants bonus money for eight executives
(AP) The Justice Department's bankruptcy watchdog agency is fighting a move by Hawker Beechcraft to pay eight senior executives more than $5.3 million in bonuses.
In a court filing Monday, U.S. Trustee Tracy Hope Davis argues the Wichita plane-maker has not shown its proposed bonus plan isn't a disguised retention plan.
Bonuses must include more than a reward for staying with a company.
Hawker Beechcraft calls it an incentive award and says its plans are consistent with its commitment to strongly emerge from bankruptcy.
A hearing on the proposed bonuses is set for Thursday.
The company filed for bankruptcy protection in May. The court approved exclusive talks with a Chinese firm that has offered nearly $1.8 billion to purchase the company's business jet and general aviation operations.
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