FBOs
Executive Aircraft files Chapter 11
Executive Aircraft Corp.

Executive Aircraft Corp. (EAC), founded in 1974 by Stan Roth, has filed a voluntary petition for bankruptcy protection under Chapter 11. According to company president Skip Madsen, the move was made necessary by a dramatic decline in aircraft sales.

Besides aircraft sales, EAC operates an FBO at its Wichita Mid-Continent Airport headquarters and main facility, and has business divisions devoted to avionics, maintenance, completion and refurb and engineering. The completion and refurb division, located in Newton, Kan., had been and continues to do particularly well, according to Madsen. The Newton facility designs, engineers and builds the aircraft interior components and ships them to the Mid-Continent site for installation.