21 June 2021

GDC Technics Faces Liquidation


GDC Technics, which filed for bankruptcy in April, faces a showdown between management’s reorganization plan and a court-appointed creditors’ committee, which favors liquidating the completions and MRO company. GDC filed for bankruptcy after Boeing terminated contracts that month for modification and refurbishment work on two Air Force One 747-8s for the U.S. government’s executive fleet. The work includes electrical power upgrades, a communications system, medical facility, and executive [...]