Sabreliner Corporationâ€™s business leaned heavily on military contracts that disappeared during sequestration, forcing the company into default on its bank loan and leading to the bankâ€™s sale of the company to an investment firm. Sabrelinerâ€™s primary debt holders sold the company after it lost half of its business during last yearâ€™s sequestration budget cutting and was unable to make its debt payment. The company previously had been owned by the same investment group that included company ...
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