WICHITA (AP) – Wichita-based Hawker Beechcraft has told federal regulators it anticipates reporting losses of nearly $482 million for 2011 when it files its annual report later this month.

The firm also said in a filing with the Securities and Exchange Commission that it expects its report on April 16 to include an explanatory statement from its independent accounting firm
expressing “substantial doubt about its ability to continue as a going concern.”

Hawker Beechcraft said in a statement Monday that the notice reflects the company’s financial position as of Dec. 31. It said it is working closely with its lenders toward a recapitalization that
would better position the company for the future.

CEO Steve Miller said the company is trying to restructure debt taken on in 2007 when the company was acquired.