Philadelphia's Versa Capital Management has emerged as a potential contender in the bidding for Canadian airplane-parts manufacturer Northstar Aerospace Inc., Dow Jones DBR Small Cap reported today. Northstar, which makes parts for Chinook, Apache and Blackhawk helicopters as well as the Raptor fighter aircraft, is headed to a July auction, under rules approved yesterday at a joint session of courts in the U.S. and Canada. Bankruptcy Judge Mary Walrath and Justice Geoffrey Morawetz of the Ontario Superior Court of Justice both cleared the way for the auction.
