Receivership

September 30, 2009 - 12:20pm

In a hearing of the lawsuit filed by Blue Sky Avgroup against kit-airplane developer Epic Air, a federal judge in late August agreed with both the plaintiff’s and defendant’s request that a receiver be appointed. Early this month, the receiver is expected to provide a report and then Bend, Ore.-based Epic Air and sister companies Aircraft Completions Services and Aircraft Investor Resources will file for bankruptcy.

December 18, 2007 - 11:07am

Creditors expect to start reviewing a status report due on November 2 from a court-appointed insolvency administrator for Fairchild Dornier’s 728 program division, just as the most recent target date for first flight of the 70-seat regional jet once again passes uneventfully. Scheduled for this year’s fourth quarter, the 728’s first flight now couldn’t happen until late next year–if ever.

 
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