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Local aerospace company files for bankruptcy

Albuquerque-based ONE Aviation filed for Chapter 11 Bankruptcy on Tuesday, according to court filings. The company was formed as a result of a merger between Wisconsin’s Kestrel Aircraft and Albuquerque’s Eclipse Aerospace. It manufactures and provides service and upgrades for its lightweight jet planes.

ONE Aviation was not immediately available for comment.

The company has also secured additional financing from its first position lender,…

Source: The Business Journal

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