AvCraft Technical Services, the aircraft maintenance company that left hangars near Myrtle Beach International Airport this month after it couldn’t pay Horry County more than $91,000 in overdue rent, filed for bankruptcy this week.
Company officials had tried to organize a last-minute sale of the business to keep AvCraft operating, but a deal couldn’t be reached.
"Unfortunately, we were unable to get some sort of rescue plan," said AvCraft President Mike Hill. "We weren’t able to make that happen, so we were forced to file for Chapter 7 bankruptcy."
As part of a settlement agreement with Horry officials, AvCraft vacated the three hangars it had rented from the county this month, said county attorney Arrigo Carotti.