Trustee in Bankruptcy appointed at ORNGE for-profit arm

Trustee in Bankruptcy appointed at ORNGE for-profit arm 3 Feb, 12, Source: Ornge

Today, Duff and Phelps was appointed by the court as trustee in bankruptcy for Ornge Global GP Inc. and Ornge Global Holdings LP, the for-profit arm of Ornge. This results, by operation of law, in the immediate termination of the remaining employees of the bankrupt Global entities, being Dr. Chris Mazza, President and CEO, and Maria Renzella, Chief Operating Officer. Dr. Mazza and Ms. Renzella are no longer officers of the corporation. No severance payments have been offered to them by Ornge.

The bankruptcy does not affect the not-for-profit Ornge or any of its wholly-owned subsidiaries including Ornge Global Corporate Services Inc. and Ornge Global Air Inc.

Ornge, a not-for-profit organization, coordinates all aspects of Ontario’s air ambulance system, the critical care land transport program, paediatric transport program and the authorization of air and land ambulance transfers between hospitals. Ornge performs more than 19,000 transports annually.

Editor Note: It was the for-profit arm that AgustaWestland was working with – see this story

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