Aircraft
One Aviation Changes Course in Bankruptcy Case
Motion filed by One Aviation says Citiking is no longer able to bring the company out of bankruptcy but also indicates a new buyer is in the wings.

One Aviation's seemingly Sisyphean trek through Chapter 11 may soon be resolved, though not as originally intended. On Friday, the one-time Eclipse 500/550 manufacturer filed an emergency motion with the U.S. Bankruptcy Court to convert the now 22-month-long case to an asset sale to a new buyer.