One Aviation Enters Chapter 11 Restructuring
October 11, 2018 / Rob Finfrock
One Aviation announced today that it has entered into a consensual restructuring arrangement that includes a capital infusion to maintain existing operations, as well as a voluntary Chapter 11 bankruptcy filing. The move comes four months after reaching a last-minute agreement to settle overdue rent on its facilities in Albuquerque, New Mexico, and continue support for its Eclipse 500/550 very light jet.The path to this outcome has been long and difficult, said One Aviation CEO Alan Klapmeier. The management team appreciates the generous support it has received from its employees, service providers, suppliers, and customers throughout the process.