JetChoice, a Little Canada, Minn.-based membership charter company, voluntarily filed for Chapter 7 bankruptcy (liquidation) last month. The filing lists assets of $5.4 million, $4 million owed to creditors holding secured claims, $465,695 owed to creditors holding unsecured priority claims and $21.3 million owed to unsecured creditors.
Most of the priority claims are for unpaid wages, benefits and expense reimbursements, and many of these employees are owed thousands of dollars. A number of FBOs are listed as unsecured creditors, as are several other aviation service companies.
Back
|
JetSuite Launches Phenom 100 Charter DayCards
November 03, 2009 JetSuite, which plans to begin flying in the western U.S. on November 15, began selling DayCards to customers late last week. The company has... |
||
|
Charter Data Shows Mixed Picture
November 03, 2009 The latest data from Charter X and Avinode gives conflicting pictures of the fortunes of the executive charter market over the past month.... |
||
|
Special Report: Charter Meltdown
November 01, 2009 The charter segment has been hit particularly hard during this downturn, as the number of flights dropped drastically from year-ago levels.... |
||
|
Virgin Charter Shuts Down
November 01, 2009 Online charter broker Virgin Charter stopped “active operations” on October 23, according to a company statement. “With the severe decline in... |
||
|
SATSair ‘Temporarily’ Ceases Operations
November 01, 2009 Greenville, S.C.-based Cirrus SR22 air taxi firm SATSair “temporarily” shut down operations on October 23 “due to circumstances,” according to a... |
||