Evergreen International Airlines (McMinnville, Oregon and Marana, Arizona) despite a public denial by its founder and CEO that the rumors are false, it has been reported in the local Oregon media as planning to lay off 131 employees and ceased operations on November 30. The company recently sold off its helicopter division as we reported as it attempts to reorganize and seek new “strategic alternatives” and partners.
It is unclear if the Evergreen Wings and Waves Waterpark and the Evergreen Aviation and Space Museum would also be affected if any final decision is made.
Read the full report from the The Oregonian: CLICK HERE
The company is privately held and issued this statement:
As has been previously reported in the press, Evergreen’s business has been adversely impacted over the past several years by decreased demand in military spending and weakness in global economic markets. Management has moved to aggressively address these challenges, including through the divestiture of businesses and assets and the significant reduction of secured debt. Evergreen is in discussions with its significant constituencies and is exploring available strategic alternatives with those constituencies. While Evergreen generally does not comment on market rumor or conjecture, rumors that a decision has been made to cease operations at this time are false. Evergreen remains committed to continuing to address the current business environment with its customers.
Delford M. Smith
Chief Executive Officer,
Evergreen International Aviation, Inc.
Copyright Photo: Stefan Sjogren/AirlinersGallery.com. Evergreen International Airlines’ Boeing 747-230F N490EV (msn 24138) touches down in Stockholm (Arlanda).