Did the U.S. Department of Justice nix Lycoming's bid to buy the assets of bankrupt Superior Air Parts? Sources in the engine business tell us this may be the case. Several have been contacted by Department of Justice investigators looking into the details of Lycoming's bid to buy Superior, which filed for bankruptcy in early January. Lycoming submitted a bid of $11.5 million through a bankruptcy court, which rejected the offer last week. A second offer from Continental was also rejected. Two engine shops told us that DOJ lawyers contacted them last month inquiring about competitive conditions in the aircraft engine and parts business and one of those investigators mentioned a possible Hart-Scott-Rodino Act probe.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/doj-investigating-anti-trust-issues-in-superior-sale