Wesco Aircraft Holdings, Inc.

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Case overview

Case Number:

4:23-bk-90611

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 27, 2024
Del. Judge To Mediate Incora Ch. 11 Plan Disputes

U.S. Bankruptcy Judge Brendan L. Shannon of Delaware said Friday he would oversee the mediation of a dispute in Texas bankruptcy court that involves aircraft parts supplier Incora and two rival groups of creditors, as the parties seek a settlement clearing Incora to exit bankruptcy.
September 23, 2024
Incora Judge To Consider Mediator Amid Ch. 11 Plan 'Logjam'

A Texas bankruptcy judge on Monday instructed parties squabbling over aircraft parts supplier Incora's Chapter 11 exit plan to return to court this week with a proposal that could break a "logjam" in negotiations, saying he will appoint a mediator if one is needed.
August 21, 2024
Top Bankruptcy Cases Of 2024: Midyear Report

Famous debtors, major U.S. Supreme Court rulings and "shocking" turnarounds have headlined an already busy 2024 in bankruptcy, and elevated interest rates are expected to continue pushing more companies to the brink this year, experts told Law360.
July 12, 2024
Incora Ruling Poses New Risks For Contested Debt Deals

A Texas bankruptcy judge's recent ruling on a 2022 financing deal at aircraft parts supplier Incora adds another twist in the still-nascent case law surrounding so-called creditor-on-creditor violence, forcing lawyers on both sides of contentious debt exchanges to adjust to new legal terrain.
May 06, 2024
Aircraft Parts Co. Incora Blasted Over Releases In Ch. 11 Plan

Bankrupt aircraft component supplier Incora's amended Chapter 11 plan was opposed by the Office of the U.S. Trustee and a group of its noteholders in a Texas bankruptcy court on the grounds that its scope of claims releases is too broad.
April 15, 2024
Aircraft Parts Co. Incora Gets More Time For Ch. 11 Plan Vote

A Texas bankruptcy judge on Monday pushed back the Chapter 11 plan voting deadline by two weeks in the bankruptcy of aircraft parts supplier Incora, after the company said it wanted to send out newly updated financial projections to creditors.
February 12, 2024
Aerospace Supplier Can Kick Gulfstream Supply Deal

A Texas bankruptcy court has said bankrupt supply-chain management company Incora can ditch its contract to buy aerospace parts on behalf of Gulfstream Aerospace Corp., which would repurchase them for fixed prices.
January 16, 2024
Aircraft Parts Co. Must Face Contract Claims In Ch. 11 Suit

A Texas bankruptcy judge has ruled that a group of lenders to bankrupt aircraft component supplier Incora has standing to pursue some claims against the company stemming from what the creditors alleged was an unfair transaction that stripped them of their seniority.
January 11, 2024
Aircraft Parts Supplier Incora Can Solicit Votes For Ch. 11 Plan

A Texas bankruptcy judge on Thursday signed off on the disclosure statement of Incora's Chapter 11 plan, setting aside an objection from noteholders that argued the aerospace component distributor should not seek creditors' votes on the plan before a lawsuit they brought against it is resolved.
January 10, 2024
Bankrupt Co. Asks Court To Reject Gulfstream Supply Deal

Incora, a bankrupt aerospace supply chain management company, urged a Texas court to immediately end a Gulfstream supply contract that became unprofitable during the COVID-19 pandemic, contesting Gulfstream's claims that a contract termination clause must be honored for Incora to reject the deal.