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AeroCentury Corp. (NYSE: ACY) stock combined with its branched-off businesses and daughter companies, specializes in leasing and finance services to various airlines around the globe. ACY has reported that Aero century Corp daughter companies filed a petition (the “Chapter 11 Case”) under chapter 11 of title 11 of the United States Code. A chapter 11 debtor usually seeks relief and aims reorganization to keep sustain its business and resolve indebtedness.
ACY has planned that the Chapter 11 process is an extremely efficient way to pay back the creditors and increase company progression towards their aim of continuing in operating aircraft and leasing in order to save enterprise value for the stakeholders in the company.
In the only basketball game in the area Monday, the PCM Mustangs played host to the North Mahaska Warhawks in a boys only matchup, with the home team squeaking out the nailbiter 54-50.
The Mustangs came out strong, and held onto a 16-12 lead after one. The first half went by fairly quickly as there wasn’t a single travel call and neither team reached the bonus. North Mahaska made an effort before going into the locker room, scoring twice in the final 30 seconds to make it 27-26 with PCM still ahead.
That momentum by the Warhawks carried over to the third quarter as the Mustangs found themselves down 39-30 almost immediately. Head Coach Jeff Lorensen used a couple timeouts to calm his team down, and was the beneficiary of a Warhawk technical foul. This allowed PCM to claw their way out of another hole.