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Fri, Nov 03, 2023

Aero-News: Quote of the Day (11.03.23)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

“Our company has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. We are pursuing a sale of the company under Section 363 of the Bankruptcy Code. This was a difficult choice to make but we are hopeful to come out better on the other side.”

Source: From a statement sent to ANN by a Pioneer Aerospace/ASR-Pioneer spokesperson about the company's bankruptcy filing. The same person attempted to coerce ANN into not reporting the story. 

FMI: Scott E Bomkamp, Atty For The Office of the United States Trustee, DOJ-Ust, scott.e.bomkamp@usdoj.gov

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