A Michigan man is facing charges after authorities say he falsely reported a bomb threat that grounded a flight Thursday morning. (WDIV)

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Hawker Beechcraft Headed for Bankruptcy

Centerbridge Partners, Angelo Gordon and Capital Research & Management are negotiating bankruptcy with Hawker Beechcraft.

A forbearance agreement expiring in June will probably lead to a chapter 11 which will keep firm in operation.

Centerbridge is the biggest lender. The private equity investment firm manages a $3 billion fund focused on distressed-for-control and buyout investments.

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