Emivest Aerospace Files for Chapter 11

 - October 27, 2010, 7:04 AM

San Antonio-based Emivest Aerospace, manufacturer of the SJ30 light jet, announced on October 20 that it petitioned for restructuring under Chapter 11 of the U.S. bankruptcy code. Under the plan, Emivest Aerospace will continue to operate normally with debtor-in-possession financing. The company said it will continue to support the four customer aircraft that are being operated in the U.S. and internationally.