A number of media outlets in Maine have, over the past few weeks, reported significant financial troubles for Kestrel Aircraft, one of two companies created under the One Aviation parent in 2015. One Aviation is headed by Alan Klapmeier, former co-founder of the successful Cirrus Aircraft company he left in 2009. One Aviation also builds the Eclipse light jet and has been hard at work bringing the updated version of the Eclipse 550, called the Canada, to market.
Kestrel Aircraft Evicted from Maine Hangar; Wisconsin Files Lawsuit
Key Takeaways:
- Kestrel Aircraft is experiencing severe financial difficulties, leading to its eviction from facilities in Maine for unpaid rent and failure to meet employee payroll and health insurance obligations.
- The State of Wisconsin has filed a lawsuit against Kestrel for failing to build promised facilities and defaulting on loan payments, despite the company receiving tax incentives from the state.
- Kestrel failed to deliver on initial promises of significant job creation in Maine, and its widespread financial instability creates uncertainty for the company's future and its parent company One Aviation's other ventures.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
