AeroCentury Files Proposed Plan of Reorganization

AeroCentury said it filed a proposed plan of reorganization with respect to its proposed exit from Chapter 11 bankruptcy protection.

• The proposal contemplates two potential paths to emergence from bankruptcy
• The first is a sponsored plan contingent upon finding a suitable plan sponsor
  • Has yet to enter any agreement with a plan sponsor
• The second path is a stand-alone scenario, under which remaining assets will be monetized for the benefit of stakeholders
• NOTE: AeroCentury Aircraft Sale Approved, Erasing $83 Million in Debt

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