Thrush Aircraft Inc., a maker of airplanes used in agriculture, forestry and firefighting, filed for bankruptcy with plans to redo its leadership.
The company’s Sept. 4 Chapter 11 bankruptcy filing in the Northern District of Georgia showed its assets and liabilities are both under $50 million.
Thrush, which claims 2,400 of its aircraft are used in about 80 countries, announced in late August that it’s replacing its chief executive, Payne Hughes, and laying off some workers.
The Albany, Ga.-based company, which specializes in crop dusters, also will reorganize finances but didn’t offer any specifics.
Aircraft sales, deliveries and customer support ...
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