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Asolica > Blog > Finance > Aircraft firm shuts down, recordsdata for chapter
Finance

Aircraft firm shuts down, recordsdata for chapter

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Last updated: March 31, 2026 3:50 pm
Admin
5 hours ago
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Aircraft firm shuts down, recordsdata for chapter
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The aviation trade is dealing with a troublesome first half of 2026.

Contents
  • Sonex Plane to wind down operations after 28 years
  • “We’ve had to make this decision very suddenly”: Mark Schaible talks of “perfect storm” of economic issues
    • These airways filed for chapter in 2025:

Most not too long ago, Air Calédonie of the French abroad territory within the South Pacific filed for chapter after its resolution to maneuver its headquarters to a distinct airport brought on weeks of airport protests that left it unable to run flights.

Spirit Airways within the U.S. is at present making an attempt to emerge from a second Chapter 11 chapter whereas different airways that shut down for the reason that begin of the yr embrace Houston-based constitution airline Starflite Aviation and  Malta-based personal provider Concord Jets. The latter two airways had their air operator’s certificates (AOC) stripped by regulators over security incidents that emerged in an audit.

Sonex Plane to wind down operations after 28 years

Based mostly in east-central Wisconsin, kitplane manufacturing firm Sonex Plane is shutting down operations as each the corporate and its proprietor put together to file for chapter.

Launched in 1998 out of Oshkosh, Sonex has been a serious identify and close-knit group for individuals who construct monoplane plane at house. Founder John Monnett is behind common kitplane fashions just like the Monnett Sonerai sport aircraft and Monnett Monerai sailplane.

Associated: Worldwide journey firm shuts down in chapter, vacationers stranded

Present proprietor Mark Schaible joined the corporate in 2003 and have become its sole proprietor in 2022; since 2006, Sonex additionally operated a 5,600-square-foot elements distribution warehouse and flight middle wherein prospects who constructed the kitplanes might check them.

In a video tackle to Sonex prospects and the broader aviation group, Schaible mentioned that “a perfect storm” of issues led to a monetary scenario wherein he has no selection however to close down operations.


Sonex is the corporate behind a number of common house equipment aircraft fashions.

Sonex Plane

“We’ve had to make this decision very suddenly”: Mark Schaible talks of “perfect storm” of economic issues

“This decision is necessitated by severe drop-off in sales and our bank’s unwillingness to carry forward our debts given some unprofitable years,” Schaible says within the video with out elaborating on actual particulars of their funds. “We’ve had to make this decision very suddenly as a perfect storm of bank pressure, lacking sales, increasing costs, competition from our own aircraft on the used market and cash flow realities are not allowing us to continue our work.”

These airways filed for chapter in 2025:

  • Spirit Airways (Spirit Aviation Holdings, Inc.): Filed for Chapter 11 chapter for the second time on Aug. 29, 2025.
  • Ravn Alaska: Ceased operations in August 2025 after earlier Chapter 11 proceedings; shut down flights and folded into different operations comparable to New Pacific.
  • Company Air: Filed for Chapter 11 chapter (restructuring) in September 2025 as a part of a deliberate sale, in line with Bondoro.
  • Play Airways: The Reykjavik-based airline shut down operations and entered involuntary chapter in September 2025.
  • Braathens Airways: The airline was pressured to file for chapter and canceled all of its flights in September2025.

Within the emotional video, Schaible says that the group of 9 staff “fought tooth and nail” to maintain Sonex in enterprise and that he and his spouse will probably be submitting each firm and private bankruptcies as nothing in need of a last-minute funding can flip the scenario round.

Extra Journey Information:

  • Airline to launch uncommon new flight to Cayman Islands from the U.S.
  • Iranian strike hits main airport, accidents reported
  • Sudden nation is most luxurious journey vacation spot for 2026
  • U.S. authorities points sudden warning on Switzerland journey

The chapter leaves prospects who might have pending kitplane orders in query though Schaible mentioned that the firm is at present in discussions with distributors or whoever takes over manufacturing.

“It’s incredibly painful for me to bring this news to you today,” Schaible mentioned additional whereas expressing hopes that the “talents and dedication” of present staff will assist them discover jobs elsewhere within the aviation trade. “[…] In addition to the bankruptcy of the business, we are now unemployed and struggling.”

Associated: Airline recordsdata for chapter, cancels all flights

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