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News: One Aviation Sale Bid Proceeds After Greenlight From Judge

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  1. Judge Gives Nod To One Aviation Sale Bid To Continue
    One Aviation was the result of the merger between Eclipse Aviation and Kestrel. The company briefly survived manufacturing the Eclipse 500/550 mainly but went out of business a couple years ago. Since then they have been trying to find a buyer for the company. The Chinese-bolstered Citiking appeared to have interest in the company in terms of bringing the airframer out of bankruptcy but that never happened. This led to One Aviation filing an emergency motion at the end of August, 2020.
  2. Yesterday, Christopher Sontchi, the U.S Bankruptcy Court Judge ruled to allow One Aviation to proceed in looking for a new buyer has he did not see Citiking capable of doing so. "The reality is that Citiking has insufficient cash to close ...there is no path forward with Citiking." The only other alternative was to put One Aviation through Chapter 7. For now, One Aviation is looking for a buyer after Citiking didn't appear to have the capacity to bring this airframer from bankruptcy.

    For more information:

    One Aviation
    3520 Spirit Dr. SE
    Albuquerque, NM 87106
    www.oneaviation.aero

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