Avenger Flight Group Completes Restructuring, Emerges as AFG Newco, LLC
Avenger Flight Group has officially emerged from Chapter 11 as AFG Newco, LLC, marking an important milestone in the Company’s evolution and positioning the business for its next phase of growth.
Following a court-supervised restructuring and sale process conducted under Section 363 of the U.S. Bankruptcy Code and approved by the U.S. Bankruptcy Court for the District of Delaware, substantially all of the Company’s assets have transferred to AFG Newco, LLC. The transaction was supported by the Company’s secured lenders, who are now aligned as equity stakeholders in supporting Avenger’s long-term growth strategy.
Moving forward
With the completion of this process, Avenger Flight Group moves forward with:
- A materially deleveraged capital structure
- Enhanced financial flexibility through new exit financing
- A focused operational footprint aligned with customer demand
- Continuity across its global training network
- Expanded ability to invest in next-generation simulator technology and training capabilities
- Increased capacity to support accelerating global pilot demand
“This marks a significant milestone for Avenger Flight Group,” said Eduardo Carrasco, Chief Executive Officer of Avenger Flight Group.
We extend our sincere gratitude to our executive leadership team, employees, customers, partners, and stakeholders whose trust, resilience, and support helped guide the Company through this process. Together, we look ahead with optimism and excitement for the future we are building.
