AvCraft’s German unit falls into bankruptcy
AvCraft Aerospace GmbH, the German subsidiary of AvCraft Aviation of Leesburg, Va., has declared insolvency at a German court at Weilsheim, near the compan

AvCraft Aerospace GmbH, the German subsidiary of AvCraft Aviation of Leesburg, Va., has declared insolvency at a German court at Weilsheim, near the company’s plant at Oberpfaffenhofen airport. The declaration was officially filed in late February, and on March 10 the court appointed attorney Dr. Martin Prager as preliminary insolvency administrator. He will submit a report on AvCraft’s financial and economic situation by April 10.

Prager said the factory continues to operate with the entire staff of 345 people, and that funds for paying salaries are available. The administrator characterized the prospects for finding new investors as fair.