Aircraft
One Aviation Enters Chapter 11 Restructuring
Company intends to maintain support for Eclipse jets and continue development of the Eclipse 700 follow-on aircraft.
One Aviation has voluntarily filed for Chapter 11 bankruptcy as part of a "consensual restructuring" arrangement that includes a capital infusion to maintain existing operations. The Albuquerque, New Mexico-base company intends to maintain support for in-service Eclipse 500/550s and continue development of the follow-on Eclipse 700. (Photo: One Aviation)
One Aviation has voluntarily filed for Chapter 11 bankruptcy as part of a "consensual restructuring" arrangement that includes a capital infusion to maintain existing operations. The Albuquerque, New Mexico-base company intends to maintain support for in-service Eclipse 500/550s and continue development of the follow-on Eclipse 700. (Photo: One Aviation)

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.