Field Aviation Company Inc. and Field Aviation East Ltd. commenced notice of intention proceedings under the Bankruptcy and Insolvency Act on June 5, 2026, after a sustained decline at Field Canada, the primary operating entity, since 2020 — COVID-19, loss of its Calgary parts manufacturing business, operational disruption and higher occupancy costs — produced default under its Credit Agreement, a liquidity crisis and the temporary layoff of nearly all employees. The Ontario Superior Court of Justice (Commercial List) approved a sale and investment solicitation process on June 12. Four bids came in, none qualified, and the Stalking Horse Agreement with PAL Aerospace Ltd. and De Havilland Aircraft of Canada Limited was declared the Successful Bid. Approval and vesting orders followed on July 24 and July 27. The Field Entities intend to close, repay Wells, distribute accrued vacation pay and KERP amounts, and terminate most employees, retaining 37 for wind-down.
Interim order granted days after the last Voyageur asset transfer closed on September 28, 2026 at 3:50PM (EST), the stalking horse closings done and Wells repaid in full.
Source: Stay Extension and Proposal Trustee Approvals Order dated October 2, 2026
Further approval and vesting order granted, the second of two authorizing asset transfers; purchasers named across the sales are De Havilland Aircraft of Canada Limited, PAL Aerospace Ltd. and Voyageur Aviation Corp.
Approval and vesting order granted two days after the Second Report; vesting turns on delivery of a Proposal Trustee's certificate confirming payment of the purchase price.
Source: Voyageur Approval and Vesting Order dated July 24, 2026
Supplemental Motion Record of the Field Entities dated July 23, 2026 — Application / notice of application
Second Report filed after the bid deadline: the SISP had produced four non-qualified bids, and the PAL and DHC Stalking Horse Agreement was declared the Successful Bid.
Source: Second Report of the Proposal Trustee dated July 22, 2026
Motion Record of the Field Entities dated July 17, 2026 — Application / notice of application
Interim order granted the same day as the sale process approval, two days after the Proposal Trustee's First Report of June 10.
Source: DIP Approval, Stay Extension and Other Relief Order filed June 16, 2026
The order approving the process, cited afterwards as the SISP Order, framed the solicitation that drew four bids, none of them qualified.
Source: SISP dated June 15, 2026
SISP Order approved the sale and investment solicitation process, under which bids were due by 5:00 p.m. on July 13, 2026.
Source: Sale and Investment Solicitation Process Order filed June 16, 2026
Proposal Trustee's First Report filed, two days before the Court approved the sale and investment solicitation process and granted companion interim relief.
Source: First Report of the Proposal Trustee dated June 10, 2026
Motion Record of the Field Entities dated June 6, 2026 - Volume I of III — Application / notice of application
Motion Record of the Field Entities dated June 6, 2026 - Volume II of III — Application / notice of application
Motion Record of the Field Entities dated June 6, 2026 - Volume III of III — Application / notice of application
Field Aviation East - 32-3382853 - Certificate for the Notice of Intention dated June 5, 2026 — NOI certificate of filing
Case update
Field Aviation: the second Challenger and the permit in the company's name
The business was sold on July 31 and Wells Fargo repaid in full, but the second of two Challenger CL-604s Field Canada was modifying for Draken is unfinished, and because the export permit names Field Canada as exporter, the company asks for 45 more days, to November 17, while its landlord disputes post-filing rent and Export Development Canada asserts a constructive-trust claim of over US$1.5 million.
Outcome brief
Field Aviation: the release the machinists read
Two of the sixty-six started at Field Aviation in the 1980s. When the sale of the business came with a release for its directors, the IAM did the arithmetic on a $725,000 charge against $1.7 million of severance — and Justice Steele adjourned the vesting order over a weekend.
Filing brief
Field Aviation: frozen by a cash sweep, funded by the same bank
On April 6 the lender served a notice of default and began sweeping the company's accounts daily to reduce its overadvance. The company could no longer make payroll from its own receivables, froze operations and laid off substantially all of 132 employees. Ten days later the same lender advanced US$1.5 million to cover the payroll. It is now the DIP lender funding the sale.
Debtor
Field Aviation Company Inc. and Field Aviation East Ltd.
Proposal trustee
AlixPartners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 4 orders, Jul 2026 | 245 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 3 orders, Jun 2026 | 132 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Oct 2026 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeAlixPartners | Bennett Jones LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| DebtorField Aviation Company Inc. and Field Aviation East Ltd. | Thornton Grout Finnigan LLP | 16 Jun 2026 | Factum · 24 Jul 2026 |
| CreditorAerotek ULC o / a Aerotek and Actalent, in the Brampton Proceeding | WeirFoulds LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorCompanies | Thornton Grout Finnigan LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorHavilland Aircraft of Canada Limited | Norton Rose Fulbright Canada LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorKalavati Mistry, in the Toronto Proceeding | Goldberg Sills LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorPAL Aerospace Ltd | Torys LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorSamuel Ranches, in the Toronto Proceeding | Samfiru Tumarkin LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorSignature Aviation | Torys LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorUK Research and Innovation | Borden Ladner Gervais LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorUnion IAM Union District 140 | CAVALLUZZO HAYES SHILTON McINTYRE & CORNISH LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| CreditorWells Fargo Bank, National Association | Blank Rome LLP · Goodmans LLP | 23 Jul 2026 | Service list · 23 Jul 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Wells Fargo Bank, National Association (as Agent), together with Wells Fargo Capital Finance Corporation of Canada (Canadian lender) and Wells Fargo Bank, N.A. (U.S. lender) · in 5 casesGeneral security interest in all present and after-acquired personal property (PPSA registration, Ontario and Alberta, registered January 6, 2021, expiring January 6, 2031); Canadian and U.S. Guaranty and Security Agreements dated January 29, 2021 — Amount is a floor: Loan Parties acknowledge indebtedness 'in the aggregate principal amount of not less than $4,395,153.14' as of close of business June 5, 2026, plus accruing interest, fees and costs. Notice of Motion (para. 7) describes the same 'Secured Indebtedness' in round prose terms as 'approximately $6.1 million'. Credit Agreement facility · as of 5 Jun 2026 | $4.4M | Motion Record of the Field Entities dated June 6, 2026 - Volume I of III |
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans5 transactions · 2 approved · 2 closed · 1 proposed — Stalking Horse Transactions with PAL and DHC closed July 31, 2026; Voyageur Transaction and a de minimis asset sale also closed; Wells repaid in full.Third Report of the Proposal Trustee dated September 30, 2026 · 30 Sep 2026
Stalking horse
PAL Aerospace Ltd. and De Havilland Aircraft of Canada Limited
| Purchaser | Price | Status | Source |
|---|---|---|---|
| DHCStalking horsethe DHC Purchased Assets · asset sale · agreement 5 Jun 2026 | Subscribers | Proposed | First Report of the Proposal Trustee dated June… |
| PALStalking horsethe PAL Purchased Assets · asset sale · agreement 5 Jun 2026 | Subscribers | Approved | Second Report of the Proposal Trustee dated… |
| Voyageur Aviation Corp.the Purchased Asset (as defined in the Voyageur Bill of Sale) · asset sale · agreement 23 Jul 2026 | Subscribers | Closed28 Sep 2026outside 31 Jul 2026 | Voyageur Proposal Trustee's Certificate dated… |
| De Havilland Aircraft of Canada LimitedStalking horsethe DHC Purchased Assets (as defined in the DHC/PAL Sale Agreement) · asset sale · agreement 5 Jun 2026 | Subscribers | Closed31 Jul 2026 | Third Report of the Proposal Trustee dated… |
| PAL Aerospace Ltd.Stalking horsethe PAL Purchased Assets (as defined in the DHC/PAL Sale Agreement) · asset sale · agreement 5 Jun 2026 | Subscribers | Approved27 Jul 2026 | Approval and Vesting Order dated July 27, 2026 |
Wells: paid in full.EstimatedThird Report of the Proposal Trustee · 30 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Wells | — | paid in fullconditional | Estimated | Third Report of the Proposal Trustee · 30 Sep 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
3 engagements · 1 firm — latest: AlixPartners Restructuring, Inc., 1 Jun – 15 Jul 2026Second Report of the Proposal Trustee · 22 Jul 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| AlixPartners Restructuring, Inc.Proposal trusteeperiod 3 of 3 | 1 Jun – 15 Jul 2026 | — | — | Second Report of the Proposal Trustee · 22 Jul 2026 | |
| AlixPartners Restructuring, Inc.Proposal trusteeperiod 2 of 3 | to 30 Jun 2026 | — | not stated | Second Report of the Proposal Trustee · 22 Jul 2026 | |
| AlixPartners Restructuring, Inc.Proposal trusteeperiod 1 of 3 | — | — | — | Second Report of the Proposal Trustee · 22 Jul 2026 |
3 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$8.55M USD
As at 22 Jul 2026Second Report of the Proposal Trustee dated July 22, 2026
Cash on hand
As at
Professional fees
As at
2 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Endorsement of Justice Cavanagh dated October 2, 2026
| PDF · Subscribers | |
Stay Extension and Proposal Trustee Approvals Order dated October 2, 2026
| PDF · Subscribers | |
Affidavit of Denna Jalili dated October 1, 2026
| PDF · Subscribers | |
Factum of the Field Entities dated September 30, 2026
| PDF · Subscribers | |
Third Report of the Proposal Trustee dated September 30, 2026
| PDF · Subscribers | |
Voyageur Proposal Trustee's Certificate dated September 28, 2026
| PDF · Subscribers | |
Motion Record dated September 25, 2026
| PDF · Subscribers | |
Proposal Trustee's DHC Certificate dated July 31, 2026
| PDF · Subscribers | |
| Proposal Trustee's PAL Certificate dated July 31, 2026 | PDF · Subscribers | |
Approval and Vesting Order dated July 27, 2026
| PDF · Subscribers | |
Endorsement of Justice Steele July 27, 2026
| PDF · Subscribers | |
| Factum of the IAM dated July 26, 2026 | PDF · Subscribers | |
Ancillary Order dated July 24, 2026
| PDF · Subscribers | |
Supplemental Factum of the Field Entities dated July 24, 2026
| PDF · Subscribers | |
Voyageur Approval and Vesting Order dated July 24, 2026
| PDF · Subscribers | |
Service List as at July 23, 2026
| PDF · Subscribers | |
| Supplemental Motion Record of the Field Entities dated July 23, 2026 | PDF · Subscribers | |
| Factum of the Field Entities dated July 22, 2026 | PDF · Subscribers | |
Second Report of the Proposal Trustee dated July 22, 2026
| PDF · Subscribers | |
| Motion Record of the Field Entities dated July 17, 2026 | PDF · Subscribers | |
DIP Approval, Stay Extension and Other Relief Order filed June 16, 2026
| PDF · Subscribers | |
Sale and Investment Solicitation Process Order filed June 16, 2026
| PDF · Subscribers | |
SISP dated June 15, 2026
| PDF · Subscribers | |
Endorsement of Justice Dietrich dated June 12, 2026
| PDF · Subscribers | |
Teaser
| PDF · Subscribers | |
Field Aviation Company Inc. - Notice to Creditors dated June 11, 2026
| PDF · Subscribers | |
Field Aviation East Ltd. - Notice to Creditors dated June 11, 2026
| PDF · Subscribers | |
| Factum of Field Entities dated June 10, 2026 | PDF · Subscribers | |
First Report of the Proposal Trustee dated June 10, 2026
| PDF · Subscribers | |
Motion Record of the Field Entities dated June 6, 2026 - Volume I of III
| PDF · Subscribers | |
Motion Record of the Field Entities dated June 6, 2026 - Volume II of III
| PDF · Subscribers | |
Motion Record of the Field Entities dated June 6, 2026 - Volume III of III
| PDF · Subscribers | |
| 32-3382861 - Field Aviation Company Inc. - Certificate for the Notice of Intention dated June 5, 2026 | PDF · Subscribers | |
| 32-3382861-Field Aviation Company & Field Aviation East - Certificate of Filing of a Notice of Intention to Make a Proposal | PDF · Subscribers | |
| Field Aviation East - 32-3382853 - Certificate for the Notice of Intention dated June 5, 2026 | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Field Aviation Company Inc. and Field Aviation East Ltd.” (NOI), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/field-aviation-company-inc-and-field-aviation-east-ltd
Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/field-aviation-company-inc-and-field-aviation-east-ltd
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.