Rocketplane Files For Bankruptcy

Rocketplane runs out of gas, MSNBC

"Now the Oklahoma Gazette reports that Rocketplane's owner, George French, has filed Chapter 7 bankruptcy papers in his home state of Wisconsin, covering Rocketplane as well as the Kistler and Global subsidiaries. French is also filing for personal bankruptcy. The documents show assets ranging from $108,000 to $287,000, and liabilities of more than $8 million. The Chapter 7 bankruptcy process would lead to the liquidation of Rocketplane's assets - and the death of the company's outer-space dreams. "We didn't leave a nickel on the table," the Gazette quotes French as saying. "We did what we said we could do. Unfortunately, we did not complete the program as originally conceived."

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This page contains a single entry by Keith Cowing published on July 12, 2010 6:50 AM.

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