Sabreliner Corporation’s business leaned heavily on military contracts that disappeared during sequestration, forcing the company into default on its bank loan and leading to the bank’s sale of the company to an investment firm. Sabreliner announced last week that its primary debt holder sold the company after it lost half of its business during last year’s sequestration budget cutting and was unable to make its debt payment. Sabreliner is saying little about the new owner, called ...

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