Tamarack Aerospace has formally exited Chapter 11 voluntary reorganization with the issuance of a final decree from the U.S. Bankruptcy Court for the Eastern District of Washington.
Tamarack Exits Bankruptcy, Continues Expansion Plans
Key Takeaways:
- Tamarack Aerospace has successfully exited Chapter 11 voluntary reorganization, closing a period that began in June 2019.
- The company filed for bankruptcy following a temporary grounding of Cessna Citation jets equipped with its active winglets, which was later lifted by aviation authorities after a review and the implementation of service bulletins.
- Having repaid creditors and reorganized, Tamarack can now focus on supporting its global fleet of over 140 equipped CJs and expanding its active winglet business and service network.
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