Wesco Aircraft Holdings, Inc along with its 43 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on June 1, 2023. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Charles A Beckham, Jr of Haynes and Boone, LLP as local bankruptcy counsel.

The debtor also hired Milbank LLP as general bankruptcy counsel, PJT Partners, Inc., as investment banker and financial advisor, Alvarez & Marsal North America, LLC, as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP, as special litigation counsel, and Kurtzman Carson Consultants LLC, as notice and claims agent.