Impresa, Parts Maker for Boeing 737 MAX, Files for Bankruptcy
Plane grounded after two fatal crashes was major source of revenue for California-based aerospace company
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September 25, 2020 - by Peg Brickley for www.wsj.com
Impresa Aerospace LLC, a parts maker involved in the manufacture of Boeing Co.'s 737 MAX airliners, has filed for bankruptcy protection after losing revenue due to the aircraft's grounding in the wake of two fatal crashes.
Boeing's 737 MAX planes were grounded after deadly crashes on takeoff in 2018 and 2019. The 737 MAX was a major source of revenue for the private-equity-owned Impresa, which filed for chapter 11 protection Thursday in the U.S. Bankruptcy Court in Wilmington, Del.
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