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News: One Aviation At Chapter 11 Status

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  1. One Aviation Enters Chapter 11
    News is that One Aviation has entered Chapter 11 Bankruptcy. They stress that it is "consensual restructuring" which includes Chapter 11 Bankruptcy filing. They also arranged to receiving capital injection to maintain operations. In recent months One Aviation has been in a bit of a tangle keeping itself viable. You would remember earlier this year the company had rent-related issues with its New Mexico facilities.
  2. One Aviation formed about three years ago when Kestrel and Eclipse Aerospace merged. Now that the company has entered restructuring it still needs to be able to support the wide fleet of Eclipse 500 and 550 jets that are in service. "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." The company was also trying to bring 'Project Canada' to the market as well which was essentially the Eclipse EA700.

    For more information:

    Eclipse Aerospace
    2503 Clark Carr Loop SE
    Albuquerque, NM 87106

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