MD: Maryland Airport Files for Bankruptcy Protection

Oct. 31, 2018

Bauserman Service Inc., the company that owns and operates the Maryland Airport east of Indian Head, announced late last week that it was filing for Chapter 11 bankruptcy protection due to concerns over the county’s plans for rezoning land parcels adjacent to the airport.

A press release sent to the Maryland Independent on Thursday announced that the company filed a voluntary Chapter 11 restructuring case in federal bankruptcy court in order “to strengthen its capital structure and protect the valuable transportation and economic asset known as the Maryland Airport.”

Read more: http://www.somdnews.com/independent/spotlight/maryland-airport-files-for-bankruptcy-protection/article_a7a4da3f-dfb1-5f5d-bf95-cddff8fd8379.html