Harlow Aero in Bid To Buy Epic Air Assets
Phillip Friedman, CEO of Harlow Aerostructures of Wichita, at press time was vying to buy the assets of bankrupt aircraft developer Epic Air. Last year, Friedman mounted an effort to bid on the assets of bankrupt very light jet manufacturer Eclipse Aviation, although he never made it into the final bidding. An auction for Epic’s assets–Epic Air, Aircraft Investor Resources and Aircraft Completion Services–was scheduled for March 26. Although the auction was scheduled, the trustee for Epic asked the court for approval to sell the assets to Harlow Aerostructures for $2 million. The bankruptcy schedule valued the assets at $20.295 million. Epic Air filed for Chapter 11 bankruptcy last September and then Chapter 7 in October.