Tamarack Aerospace, the company under investigation following incidents involving aircraft it had modified, filed for Chapter 11 bankruptcy early in June, and announced its position on Friday, June 7.
Tamarack Aerospace Files For Bankruptcy
Key Takeaways:
- Tamarack Aerospace filed for Chapter 11 bankruptcy due to airworthiness directives (ADs) issued by the FAA and EASA.
- These ADs effectively grounded Citation jets equipped with Tamarack's Atlas winglets, following multiple reported aircraft upset incidents and an ongoing investigation into a fatal accident.
- The company attributes the incidents to malfunctions of its active load-alleviation tabs (TACS) but believes its recent service bulletin upgrades resolve the issues.
- Tamarack expressed confidence that the bankruptcy filing is a temporary measure, allowing them to support customers and work with regulators to lift the AD restrictions.
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