Trustee Files Motion To Dismiss One Aviation Bankruptcy Plan | Aviation International News

Trustee Files Motion To Dismiss One Aviation Bankruptcy Plan

the acting U.S. trustee in the ongoing Chapter 11 bankruptcy case of One Aviation motioned to dismiss the company's prepackaged reorganization plan.

By Rob Finfrock • Contributor - Business Aviation

June 11, 2019

On Monday, the acting U.S. trustee in the ongoing Chapter 11 bankruptcy case of Albuquerque, New Mexico-based One Aviation motioned to dismiss the company's prepackaged reorganization plan, a course of action that could potentially force the manufacturer of the Eclipse 500/550 light jet into Chapter 7 liquidation.

A hearing on that motion is scheduled for July 1, and One Aviation CEO Alan Klapmeier told AIN the company intends to proceed under Chapter 11 reorganization and continues to examine its best options for moving forward. “I’m disappointed with how long the Chapter 11 process has taken. It’s been very frustrating,” he said. “However, we do believe we will still successfully emerge from bankruptcy.”

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