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HAS Corporation files for chapter 11 protection
Washington, Usa - The high cost of insurance after September 11 is a major factor in the decision
HAS Corp, a leading US EMS and police helicopter customisation house says it’s become the victim of adverse business conditions and has filed for Chapter 11 protection. "The high cost of insurance the industry is now facing after 9/11 is a major factor in the decision", Patrick Purcell, CFO, said. The company – with 19 employees – intends to service all existing contracts. (004)
AVIONEWS - World Aeronautical Press Agency - 33203
AVIONEWS - World Aeronautical Press Agency
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AVIONEWS - World Aeronautical Press Agency