The US Bankruptcy Court of the Eastern District of Washington has approved the Chapter 11 disclosure statement from Tamarack Aerospace which outlines its plan to pay back all debtors as it emerges from bankruptcy. Tamarack is rebounding from a false incident report last spring that led to the brief grounding of its Cessna CitationJet fleet equipped with Active Winglets.

Tamarack voluntarily went into Chapter 11 reorganisation in June 2019 after EASA and FAA Airworthiness Directives were issued against its Atlas Active Winglet system, effectively grounding the fleet of CitationJets on which they were installed. It expects to come out of the bankruptcy by early spring of 2020. “This court approval and our continued sales of the Active Winglets is a testament to the financial health of Tamarack, the robustness of our product and our commitment to our customers, vendors, and investors,” says president Jacob Klinginsmith.

The Active Winglet system automatically adjusts to changing flight conditions and instantly reacts to load, enabling tremendously higher aerodynamic benefits of wingtip modifications than before. “Tamarack always has its eye fixed on the future to equip a fast-growing fleet of all kinds of business, commercial and military airframes,” says founder and CEO Nick Guida. “Our Active Winglets save substantial fuel and reduce the carbon footprint, many times more than the now obsolete passive winglets.” Guida has been growing back staff as installations continue and service centre numbers increase during this deliberate Chapter 11 process.