April 10, 2013
Bankrupt aircraft parts and maintenance company Pemco World Air Services Inc. agreed Tuesday to pay nearly $375,000 to the roughly 500 workers who say they were laid off in August without adequate notice.
August 24, 2012
A former employee of Pemco World Air Services Inc. asked a Delaware bankruptcy judge Thursday to vacate the sale order for the aircraft-maintenance company, claiming the notice that announced a change in buyers failed to give workers adequate notice of the planned layoff of nearly 500 workers.
August 06, 2012
Bankrupt Pemco World Air Services Inc. said Friday that it will sell its assets to an affiliate of private equity firm Sun Capital Partners LP, the aircraft maintenance company's primary lender, after failing to close a $50 million asset-purchase agreement with a Singapore-based company.
August 06, 2012
Former employees sued bankrupt Pemco World Air Services Inc. in Delaware on Friday, claiming the commercial aircraft maintenance firm unlawfully failed to give almost 500 employees enough notice of planned mass layoffs at its Florida facility.
June 12, 2012
A Singapore-based company won court approval Tuesday to buy bankrupt Pemco World Air Services Inc.'s assets for $49.7 million after topping a credit bid from an affiliate of private equity firm Sun Capital Partners LP, the aircraft maintenance company's current owner.