Legal Filing Will Reportedly Allow For Reorganization Of Embattled Company
ONE Aviation Corporation (along with its subsidiaries Eclipse Aerospace and Kestrel Aircraft), have confirmed that the Company has entered into a consensual restructuring pursuant to the terms of a Restructuring Support Agreement with support from 100% of its voting first lien lenders. As part of this process, the company has voluntarily filed for Chapter 11 bankruptcy while concurrently securing financing from its first position lender. This influx of capital combined with its normal operating cash flow, will reportedly allow ONE Aviation to maintain normal operations, minimize business disruption, and position the company for a successful future. The Board of Directo