Following a recent announcement that Thrush Aircraft will be bringing in
new leadership along with a financial reorganization that will allow the
company to increase its capabilities and capacity, Thrush has now entered the
second phase of its planned restructuring with a filing of the standard
petition for Chapter 11 reorganization.
Thrush Aircraft is entering Phase Two of its planned
rebuilding process, which will yield an increase in both capabilities and
capacity for future growth and long-term success.
The Albany, Ga.-based aircraft manufacturer
announced this phase is anticipated to be temporary, with the company soon to
enter a planned Phase Three, which will include the announcement of the
company’s new leadership team as it emerges in a stronger position for
long-term success.
During this second phase, work at Thrush, including
new aircraft sales, deliveries and global customer support, continues unabated
with a highly experienced workforce of factory veterans. These same team
members helped deliver a record number of aircraft sales for Thrush in the
first quarter of this year.
“Resiliency has always been a pillar of the Thrush
brand,” said Eric Rojek, vice president of Thrush. “As are skill, determination
and trust. Restructuring a company is always a challenge by any measure—but
it’s a well-planned effort we are fully prepared for, and that will yield
significant gains. In the meantime, I can assure our customers, prospects and
fans that sales, deliveries and product support are continuing unabated here in
Albany and around the world in both the agriculture and firefighting arenas.”
Rojek continued: “As this second phase begins, it’s
also important to personally acknowledge and thank our suppliers and business
partners who have played key roles in this rebuilding process. We look forward
to continuing each of those long-standing relationships as we move into Phase
Three of these restructuring efforts, and on to even greater success together
in the months to come.”
Founded in 2003, Thrush
Aircraft manufactures a full range of aerial application aircraft used in
agriculture, forestry and firefighting roles worldwide. Today there are more
than 2,400 Thrush aircraft operating in some 80 countries around the world.