Tyler Jet Aircraft Sales, hit hard by the downturn in the economy last year and the aftermath of September 11, is expected to emerge from reorganizing under Chapter 11 bankruptcy proceedings within the next 60 days, according to v-p and general manager Orville Winover. Tyler Jet Aircraft Sales was forced into Chapter 7 in February, but in March the bankruptcy court granted Tyler’s motion to put the case under Chapter 11. Tyler Jet Executive Aviation, the FBO at Tyler Pounds Field, is owned by the same principals as Tyler Jet Sales, but it is a separate entity and unaffected by the bankruptcy filing, said Winover.
Tyler Jet sales to emerge soon from Chapter 11
- May 16, 2008, 5:28 AM