PPRuNe Forums - Evergreen Closing Down??

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Just received this:

Contact:
Evergreen International Aviation
(503) 472-9361
[email protected]

McMinnville, Oregon -- November 8, 2013

As has been previously reported in the press, Evergreen's business has been adversely impacted over the past several years by decreased demand in military spending and weakness in global economic markets. Management has moved to aggressively address these challenges, including through the divestiture of businesses and assets and the significant reduction of secured debt. Evergreen is in discussions with its significant constituencies and is exploring available strategic alternatives with those constituencies. While Evergreen generally does not comment on market rumor or conjecture, rumors that a decision has been made to cease operations at this time are false. Evergreen remains committed to continuing to address the current business environment with its customers.

-Delford M. Smith
Chief Executive Officer,
Evergreen International Aviation

It has been on their website since last Friday the 8th ? The real rumour is that the doors will close 30th.

One of the original 'Supplementals'

Sad to hear the news, quite a few guys called it home. :sad:

Electra and 8 early 80's.

So whats the latest. Did Evergreen Shut down today or not?
Did the remaining pilots get laid off?
I know 2 of their B747s were ferried to the desert for storage.

fleet disposition

from www.flightaware.com

N779BA flew JFK-MZJ 23rd November presumed out of service
N491EV flew OSC-MZJ 27th November presumed out of service
N492EV flew a US military flight yesterday
N493EV flew WRI-RME on the 19th Nov. presumed out of service

the US military tend to award work on a calendar month basis so today may bring some news.

N492EV is on its last flight now. The rest of the planes have been returned. Doors closing on the airline tonight. 492 will join the other planes.

For all current and ex-Zoners, Rest in Peace.

The "Zone" provided many pilots a jumping stone and entree to the legacy carriers (UAL, NWA, CAL) and freight carriers (UPS, FedEx, Polar, Atlas) as a means to further their aviation career.

:{

Yup, EIA put me in Jets, went from DC-3s in the Caribe to DC-8s on the Air India Cargo contract. Enjoyed my 3 years with the zone. RIP :sad:

The last plane we had just flew SUU VCV to be parked.

That's really sad news , feel sorry for the people left with salaries owed, people who gave a lot to the company....can anyone save them, use the AOC?

Chapter 7 filing today

Evergreen Air Files Bankruptcy After Push For Payment - Bloomberg

Evergreen International Airlines Inc., a provider of air freight and transport services, sought bankruptcy protection yesterday two weeks after creditors asked a court to force the company to pay off debt.
The petition filed in U.S. Bankruptcy Court in Wilmington, Delaware, cited as much as $100 million in assets and as much as $500 million in debt.

Some creditors filed papers Dec. 17 in U.S. Bankruptcy Court in Brooklyn, New York, seeking to force McMinnville, Oregon-based Evergreen to pay its bills, according to the Delaware petition. Also seeking Chapter 7 protection were affiliates including Supertanker Services Inc. and Evergreen Defense and Security Services Inc.
Evergreen provides air freight, maintenance and other services to air carriers, aviation companies, and governmental agencies worldwide using a fleet of Boeing 747s.
Last March, Erickson Air-Crane Inc. said it would buy Evergreen Helicopters Inc., with 64 aircraft, for $250 million.
The case is In re Evergreen International Airlines Inc., 13-bk-13363, U.S. Bankruptcy court, District of Delaware (Wilmington).
To contact the reporter on this story: Phil Milford in Wilmington, Delaware at [email protected]

In addition, the Ground handling division EAGLE, shut down with out notice on 30DEC. Companies were left scrambling for ground, ramp, cargo handling in 35 cities including LAX, JFK, SFO, ORD and many more.

Well that big wheel certainly does go round............

Well that took a while...

I worked for the outfit at both KIYA and KGLS for a while in the early 80's. Every quart of oil I needed to service the aircraft with or heaven forbid I needed a few Cherry-Lock rivets had to be approved by someone higher up the chain of finances. There were so many questions as to why we needed parts and supplies. It was an uncomfortable situation to be put in to say the least.