Superior air charter bankruptcy

Author: zdgm

August undefined, 2024

Company Bankruptcy Information for Superior Air Charter, LLC

WebApr 30, 2024 · The Delaware bankruptcy filing was done in the name of Superior Air Charter LLC, which is the actual operating company that uses the JetSuite trade name. The court documents show the company owes debts of between $50 million to $100 million, largely to the unsecured SuiteKey members, but has assets of less than $10 million. WebOct 22, 2024 · The Debtor filed a voluntary petition under Chapter 11 of the Bankruptcy Code on April 28, 2024. The Debtor is an FAA certified Part 135 air charter carrier that allows … income property show host

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WebApr 28, 2024 · Superior Air Charter LLC filed for bankruptcy protection, unable to keep its private charter service aloft while the coronavirus curtails travel. The aviation company … WebLaw360 (April 28, 2024, 9:42 PM EDT) -- Dallas-based Superior Air Charter LLC sought Chapter 11 protection in Delaware on Tuesday, carrying into bankruptcy about $75 million in unsecured... inception coway

SUPERIOR AIR CHARTER, LLC Bankruptcy Filing

WebMay 22, 2024 · Superior Air Charter, LLC (“Superior” or the “Debtor”), as debtor and debtor in possession hereby files this application (the “Application”) pursuant to sections 105(a) and 363(b) of the Bankruptcy Code for the entry of an order, substantially in the form attached hereto as Exhibit A WebNov 30, 2024 · Superior Air Charter, which previously marketed itself under JetSuite, registered a website using its corporate name on Oct. 16. A message on the former … income property vs investment propertyWebBankruptcy Code, the Bankruptcy Rules, and applicable non-bankruptcy law. Specifically, but without limitation, the Disclosure Statement complies with the requirements of Bankruptcy Rule ... SUPERIOR AIR CHARTER, LLC,1 Case No. 20-11007 (CSS) Unsecured Creditors . inception corpus

"WebJun 30, 2024 · The Chapter 11 plan stems from a settlement among Superior Air, a committee of unsecured creditors and JetSuiteX that will allow the company to emerge from bankruptcy as a going concern, according to filings submitted June 26 at the U.S. … " - Superior air charter bankruptcy

Superior air charter bankruptcy

JetSuite to Acquire Superior Air Assets Under Bankruptcy Plan

WebApril 2024. JetSuite’s aircraft operating arm, Superior Air Charter, recently filed for Chapter 11 reorganization in a U.S. Bankruptcy Court in Delaware. That came a week and a half after JetSuite announced it would temporarily cease operations and furlough staff due to the dropoff in charter demand stemming from the COVID-19 pandemic. WebApr 28, 2024 · Superior Air arranged a $3.6 million bankruptcy loan to help maintain operations during its restructuring process, court papers show. Potential Sale The loan …

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WebNov 6, 2024 · Now the company has received $6.5 million from the Treasury Department under the CARES Act JetSuite emerged from its Chapter 11 bankruptcy reorganization in September. Now the Part 135 private jet operator, which laid off all but a handful of its employees when it suspended flights in April, has received $6.5 million in CARES Act … WebTransMeridian Airlines was an Atlanta, Georgia based charter airline, operating under U.S. Department of Transportation Federal Aviation Regulations Part 121. It ceased all operations on September 29, 2005, after negotiations with creditors to restructure its debt failed. History [ edit] The scheduled charter airline was founded in 1995.

WebApr 29, 2024 · The Superior Air Charter filing estimates the company has between $1 million and $10 million in assets and liabilities between $50 million and $100 million. The largest … WebMay 1, 2024 · Superior Air Charter dba JetSuite Air (JetSuite) has voluntarily filed for relief under chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The compant offered charter flights on its fleet of Embraer Phenom 100s, Phenom 300s and a Legacy 650.

WebOct 22, 2024 · The Plan went effective on September 18, 2024. The Debtor filed a voluntary petition under Chapter 11 of the Bankruptcy Code on April 28, 2024. The Debtor is an FAA certified Part 135 air charter carrier that allows customers to purchase “jet cards” to gain access to the Debtor’s private charter services. WebApr 28, 2024 · Date Filed # Docket Text; 12/29/2024: 298: Motion to File Under Seal// Motion of Colin W. Yates and His Counsel to File Under Seal Motion for Relief From the Automatic Stay and Plan and Discharge Injunctions Filed by Colin W. Yates. Hearing scheduled for 1/21/2024 at 11:00 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #6, …

WebOn 15 October 2007 Kitty Hawk, Inc. filed again for Chapter 11 bankruptcy. On 29 October 2007 Kitty Hawk, Inc. announced it would cease all scheduled network Air and Ground operations, effective immediately, but that it would continue to operate air cargo charter shipments. [citation needed]

WebJ.A. Air Center has been performing avionics installations since 1965. Our knowledgeable, licensed, factory trained team has earned a reputation for providing superior … inception coverWebApr 30, 2024 · JetSuite's bankruptcy shows the bizav operator never reached profitability JetSuite’s Chapter 11 filing reveals pre-Coronavirus challenges Written by Doug Gollan Posted on April 29, 2024 Previous Entry JetSuite files for Chapter 11 bankruptcy with up to $100 million in liabilities inception crmWebApr 9, 2024 · Superior Air Charter, LLC ("JetSuite" or "Reorganized Debtor") was an air service provider that filed for bankruptcy protection after meeting financial difficulties due … income protection 70%