Aerocentury Files Petition For Chapter 11 Reorganization

Reuters2021-03-30

AeroCentury Corp:. Files Petition For Chapter 11 Reorganization.Will Continue To Operate Its Business As "Debtor-In-Possession" Under Jurisdiction Of Bankruptcy Court.As Of Filing Date, Company Believes It Has Sufficient Cash On Hand To Support Its Ongoing Operations.Commenced Voluntary Case Under Chapter 11 Of Title 11 Of U.S Code In United States Bankruptcy Court For District Of Delaware.As Of March 29, 2021, Company Owned Twelve Aircraft.Aerocentury-Intends To Pay Vendors,Suppliers Under Customary Terms For Goods&Services Received On Or After Filing Date& Pay Employees In Usual Manner.Aerocentur-Depending Upon Length Of Covid19 Induced Crisis & Impact On Revenue, Co May Seek Access To Additional Capital As Reorganization Progresses.Business Operations Across Aerocentury Platform Are Continuing Without Interruption.

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Comments

YenChing
2021-03-30
YenChing
like comment
Hartanto
2021-03-30
Hartanto
Ok
MrPoh
2021-03-30
MrPoh
Oh no...
- YenChing:
  C
YK_
2021-03-30
YK_
Pls give me comment, thanks
- YK_:
  Good
- Alvin1975:
  Like and commeNt Pls
JWZ137
2021-03-30
JWZ137
[微笑]
- YK_:
  Good

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