Restructuring

2016–2017

On November 8, 2016, Erickson filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. Set as a financial restructuring, the company continued to operate in the ordinary course of business and after 5 months they successfully completed the process.

News

Erickson Completes Financial Restructuring

Apr 28, 2017 · Erickson Incorporated, global provider of aviation services, announced it has successfully emerged from Chapter 11 bankruptcy protection.
Erickson Reorganization Confirmed by Court

Mar 21, 2017 · Erickson Chapter 11 plan of reorganization was confirmed by the United States Bankruptcy Court for the Northern District of Texas. A step toward for emerge from bankruptcy
Erickson Receives Court Approval

Dec 2, 2016 · United States Bankruptcy Court for the Northern District of Texas granted Erickson’s request so they will have access to $60M to fund ongoing operations
Erickson Receives Interim DIP Financing Approval

Nov 11, 2016 · Company receives court approval to access up to $49 million in DIP (Debtor-in-possession) term financing. Global business operations to continue without interruption
Erickson Inc Restructuring

Nov 8, 2016 · Erickson Inc and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in Texas

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