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David Stanley Ford

Altus airplane manufacturer files for bankruptcy

The Associated Press    Comments Comment on this article4
Published: November 2, 2009

ALTUS, Okla. (AP) — Quartz Mountain Aerospace has filed for bankruptcy protection, listing $30.4 million in assets and $16 million in liabilities.

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The former Luscombe Aircraft Company made its filing in federal court in Oklahoma City.

The company said it wants to liquidate assets to pay off creditors including local banks, the City of Altus, the Oklahoma Industrial Finance Authority and the Oklahoma Tax Commission.

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David Stanley Ford


Related Topics: Public Finance, Judiciary, U.S. Courts, Taxes


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When the GOPers give away the farm to the Grifters you'er surprised when they trash the farm.
ken, norman - Nov 2, 2009 at 9:37 pm
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this company took millions in tax credits from the state and then pissed them away....they owe my small company $2000, a drop in the bucket that we will never see......common crooks.
Michael, Oklahoma City - Nov 2, 2009 at 3:54 pm
there needs to be some folks that need to go to jail over this deal
mr.d, mustang - Nov 2, 2009 at 3:47 pm
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More positive signs of how "recession proof" okieland is....add this one to the ever growing list.................
paul, yukon - Nov 2, 2009 at 3:29 pm
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