Tamarack Obtains Financing During Bankruptcy Reorg | Aviation International News

Tamarack Obtains Financing During Bankruptcy Reorg

Sandpoint, Idaho-based Tamarack Aerospace Group has "several" active-winglet jobs underway or scheduled.

By Jerry Siebenmark • Senior Editor

August 9, 2019

Active winglet developer Tamarack Aerospace Group has received U.S. Bankruptcy Court approval for $1.95 million in debtor-in-possession financing, the Sandpoint, Idaho company announced on Friday. “This financing from friendly investors is now the only debt secured by our IP [intellectual property] and is an important step in our reorganization, which allows us to continue serving our expanding fleet,” said Tamarack president Jacob Klinginsmith.

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