If aerospace had a Phoenix, the mythical bird that is cyclically reborn, it might be Vought Aircraft. But like the Phoenix, it looks as if Vought is about to be burned again. In a late-in-the-day filing May 5 with U.S. securities regulators, embattled aerospace supplier Triumph Group—the Vought owner undergoing a turnaround effort—said as part of a new credit deal with PNC Bank that there was an option to begin voluntary insolvency proceedings of its Vought entities, now known ...

SUBSCRIBE TO ACCESS THIS ARTICLE

"Vaunted Vought Properties Identified for Insolvency" is part of Aviation Week & Space Technology’s subscription package. 

Subscribe now to read this full article. And by subscribing, you'll also receive full coverage of what's next in technology from the experts trusted by the global aerospace & defense community. 

 

Already registered? Log in here.