One Aviation Bankruptcy Sale Hits Turbulence | Aviation International News

One Aviation Bankruptcy Sale Hits Turbulence

The U.S. Trustee's office claims terms of the Section 363 sale violates Supreme Court precedent governing the reimbursement to creditors.

By Rob Finfrock • Contributor - Business Aviation

October 6, 2020

The latest effort by Albuquerque, New Mexico-based One Aviation to exit Chapter 11 bankruptcy has encountered snags following an objection by the U.S. Trustee’s Office and orders to produce documents related to the Section 363 sale of the company's assets to real estate holding firm SE Falcon.

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