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Hawker Beechcraft Execs Resign As Layoffs Loom

Ahead of companywide layoffs, three top executives at Hawker Beechcraft have resigned while CEO told employees he’s cutting his salary by 10 percent.

WICHITA, Kan. (AP) -- Three top executives at Wichita-based Hawker Beechcraft have resigned ahead of companywide layoffs.

The company announced the resignations of the aircraft maker's vice president of operations, Gail Lehman; vice president of marketing Charles Mayer; and general counsel George Nguyen in a memo to employees.

Hawker Beechcraft Chief Executive Officer Bill Boisture also told employees that he's cutting his salary by 10 percent.

The recession has hammered the market for corporate and private jets.

The company plans later this week to announce details of another round of layoffs.

Hawker Beechcraft has already cut about 2,800 jobs since late 2008 and instituted furloughs for other employees.

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