Tamarack Aerospace Group Files Plans To Emerge From Chapter 11 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Tue, Oct 22, 2019

Tamarack Aerospace Group Files Plans To Emerge From Chapter 11

Company On Track To Emerge From Chapter 11 Later This Year

Tamarack Aerospace Group (Tamarack), inventor and manufacturer of Active Winglets, today announced that it has filed a Chapter 11 Plan of Reorganization with the Eastern District of Washington. The filed Plan includes repayment of all creditors in full and, when approved, the Plan will allow Tamarack to emerge from bankruptcy.

Tamarack sought bankruptcy protection on June 1st of this year when the timing for resolving Airworthiness Directives (ADs) became uncertain. The ADs had grounded the Active Winglet fleet of 91 aircraft after an erroneously reported incident on April 13, 2019. The grounding was resolved and worldwide Active Winglet operations resumed as of July 10, 2019 following factual review by EASA, FAA, NTSB, and the UK AAIB.

"We continue to make significant progress in the reorganization, we have made a number of strategic changes to the business which has made us more resilient and we will emerge stronger and more viable than before,” said Tamarack president, Jacob Klinginsmith. “In July Tamarack received approval to accept a significant investment for ongoing operations; but the continued Active Winglet sales have allowed us to recover financially and ultimately to present a very strong plan of reorganization. The Plan is testament to the financial health and viability of Tamarack, and we look for confirmation as early as the end of the year.”

An October 31 hearing has been scheduled with the Eastern District of Washington to consider approval of the Disclosure Statement, related to the plan.

(Source: Tamarack Aerospace news release)

FMI: www.tamarackaero.com

Advertisement

More News

Airborne 07.11.25: New FAA Boss, New NASA Boss (Kinda), WB57s Over TX

Also: ANOTHER Illegal Drone, KidVenture Educational Activities, Record Launches, TSA v Shoes The Senate confirmed Bryan Bedford to become the next Administrator of the FAA, in a ne>[...]

Airborne-Flight Training 07.10.25: ATC School, Air Race Classic, Samson School

Also: Sully v Bedford, Embraer Scholarships, NORAD Intercepts 11, GAMA Thankful Middle Georgia State University will be joining the Federal Aviation Administration’s fight ag>[...]

Airborne Affordable Flyers 07.03.25: Sonex HW, BlackShape Gabriel, PRA Fly-In 25

Also: DarkAero Update, Electric Aircraft Symposium, Updated Instructor Guide, OSH Homebuilts Celebrate The long-awaited Sonex High Wing prototype has flown... the Sonex gang tells >[...]

Airborne-Flight Training 07.10.25: ATC School, Air Race Classic, Samson School

Also: Sully v Bedford, Embraer Scholarships, NORAD Intercepts 11, GAMA Thankful Middle Georgia State University will be joining the Federal Aviation Administration’s fight ag>[...]

Rick Kenin New Board Chair of VAI

30-Year USCG Veteran Aviator Focusing On Member Benefits The Vertical Aviation International Board of Directors announced its new leadership officers in April, and all began their >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC