The nation’s chief agricultural negotiator plans to meet with Kansas producers to talk about trade issues.
Isi Siddiqui is a presidential appointee in the Office of the U.S. Trade Representative. He planned several stops in Kansas today to discuss efforts to bring down trade barriers and increase U.S. farm exports.
In Johnson County, Siddiqui is to tour Bayer Animal Health Company and Kansas State University’s research lab. He also plans to tour the Cargill Innovation Center in Wichita and host a roundtable meeting with the Wichita Agribusiness Council.
The Justice Department’s bankruptcy watchdog agency opposes a move by Hawker Beechcraft to pay eight senior executives more than $5.3 million in bonuses.
In a court filing yesterday, U.S. Trustee Tracy Hope Davis argued that Hawker Beechcraft hasn’t shown that its proposed bonus plan isn’t a disguised retention plan. Bonus plans are allowed, but must do more than simply reward managers for staying during a bankruptcy reorganization. Hawker Beechcraft calls it an incentive award and says its plans are consistent with its commitment to strongly emerge from bankruptcy.
Frontier Airlines has announced plans to end its flights between Wichita and Denver. Frontier's two daily flights from Wichita TO Denver will end on November 16.
Spokesperson Lindsey Carpenter says the flights have been performing below average. Carpenter says the airline will contact travelers who have booked flights after November 15, and offer them a flight on another airline or a refund.
Aircraft maker Hawker Beechcraft announced Monday that it had reached a $1.79 billion “exclusivity agreement” with a Chinese aerospace manufacturer for the sale of its business jet and general aviation operations.
Under the agreement Beijing-based aerospace manufacturer Superior Aviation Beijing will buy Hawker Beechcraft and make payments over the next six weeks to support ongoing operations until the deal is finalized.
The sale does not include Hawker Beechcraft Defense Company, which will remain a separate entity.
Aircraft maker Hawker Beechcraft is narrowing in on potential buyers as part of its plan to emerge from bankruptcy reorganization.
The company disclosed in court documents that along with its investment banker, Hawker Beechcraft developed a list of potential buyers and investors over several months ahead of its May 3rd filing for Chapter 11.