Wed, Sep 01, 2021
Installation Centers For Active Winglets Now In SC, UK
The U.S. Bankruptcy Court for the Eastern District of Washington has granted a Final Decree in the Tamarack Chapter 11 voluntary reorganization, closing the bankruptcy case. This Final Decree ends a bankruptcy proceeding that began June of 2019.
Tamarack sought Chapter 11 protection voluntarily when its fleet of 91 privately owned Cessna Citation Jets were grounded in the US for two months, following a no-injury 2019 incident involving an Active Winglet modified jet.
“We are relieved that these bankruptcy proceedings are in our rearview mirror,” says Tamarack President, Jacob Klinginsmith. “The final results, allowing us to support our fleet and to reorganize and repay creditors, validates our decision to voluntarily seek Chapter 11 protection. It’s very gratifying to see our investors, older customers and new customers have the faith in our technology and business model to support us during this bankruptcy test and now Tamarack is set to grow.”
The FAA issued an Airworthiness Directive that grounded Cessna Citation models 525, 525A and 525B equipped with an Active Winglet system in June 2019. The brief grounding was lifted by both the FAA and the European Union Aviation Safety Agency after a review of the no-injury incident that sparked the grounding. In addition, incorporating all service bulletins, which Tamarack had previously made available to the fleet at no charge, was implemented as a fleet remedial action.
Last year, Tamarack opened remote installation centers in addition to the main headquarters in Idaho. Located in Aiken, SC and Oxford England, the installation centers offer ten day Active Winglet installations.
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