Epic Aircraft

David Criswell represented the Chapter 11 Trustee of the Epic Aircraft group of companies. In 2009, Epic’s aircraft manufacturing business collapsed, the business was locked out of its manufacturing facility in Bend, Oregon, and the company ceased operations. Prospects for a recovery to creditors looked bleak. The Trustee, with Ball Janik LLP’s strategic guidance, investigated the assets, developed due diligence materials, and found bidders, including a major aircraft manufacturing company owned by the People’s Republic of China. After a series of contested hearings and a competitive auction, the Trustee closed on a sale of the operating assets of the business which will lead to a significant recovery for creditors. Following closing, the purchaser reopened manufacturing operations in Bend, Oregon.