Morris Nichols Bankruptcy Alert - ONE Aviation Corporation and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware
On October 10, 2018, ONE Avaition Corporation and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.
Lead Case No. – 18-12309.
Debtor(s) – ACC Manufacturing, Inc.; Aircraft Design Company; Brigadoon Aircraft Maintenance, LLC; DR Management, LLC; Eclipse Aerospace, Inc.; Innovatus Holding Company; Kestrel Aircraft Company, Inc.; Kestrel Brunswick Corporation; Kestrel Manufacturing, LLC; Kestrel Tooling Company; OAC Management, Inc.; and ONE Aviation Corporation.
Description of Debtor(s) – Aircraft sales, parts, service and refurbishment.
Website of Debtor(s) (URL) – www.oneaviation.aero.
Assigned Judge – The Honorable Christopher S. Sontchi.
Proposed Counsel – The Debtors' proposed bankruptcy co-counsel are Paul Hastings LLP and Young Conaway Stargatt & Taylor, LLP.
Proposed Financial Advisor – Ernst & Young LLP.
Proposed Investment Banker – Duff & Phelps Securities, LLC.
Plan Status – A Joint Prepackaged Plan was filed with the petitions.
First Day Hearing – A first day hearing has been scheduled for October 11, 2018 at 3:00 p.m. ET.
Bankruptcy Documents –
- Lead Case Petition
- First Day Affidavit / Declaration
- First Day Hearing Agenda
- Disclosure Statement
Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.