Waypoint Leasing files for Chapter 11 bankruptcy

Waypoint Leasing Holdings Ltd, a helicopter leasing company, said Nov. 25 that has voluntarily filed for Chapter 11 bankruptcy in New York. Waypoint said it has run a comprehensive sale process over the past months, has received many bids, and expects to use Chapter 11 to facilitate the acquisition by a new owner. Waypoint is backed by billionaires George Soros and Michael Dell. Weil, Gotshal & Manges LLP is serving as Waypoint’s legal counsel, while Houlihan Lokey is their investment banker. FTI Consulting Inc and Seabury Corporate Services LLC are serving as restructuring advisors.

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