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One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
Superior Air Charter (previously JetSuite) is a private jet charter company [1] based out of Dallas, Texas. The company was founded in 2006 by Alex Wilcox. In 2008, the company was re-branded from Magnum Jet after a push from financial backers. [2] [3] Wilcox is CEO of the company. [4]
In July 2023, Elevate Aviation Group designated an additional $10 million annually for investment in jet card membership, on-demand charters, and brokerage services through Private Jet Service. [ 8 ] A Florida court awarded an arbitration award of $29 million to Elevate Aviation Group against iAero Airways in August 2023.
The county also named Talon Air, the private jet service that’s working with Bark (whose main business is monthly treat-and-toy subscription boxes for dogs) on the flights.
Without approval to pay for a bid and hopefully create an action, Burtch indicated that he would "most likely be forced to abandon or liquidate the Eclipse Assets on a piece meal basis." [10] [11] [12] The Chapter 7 sale hearing was heard in federal bankruptcy court on 20 August 2009, with Eclipse Aerospace as the sole and winning bidder.
By the time the average person is ready to declare bankruptcy, they've probably done everything they can to deal with a looming financial crisis. Often unexpected life events and crises lead to the...
Arthur Alan Wolk (born October 25, 1943) is an American attorney and author. He is the founding partner of The Wolk Law Firm in Philadelphia, Pennsylvania, which specializes in aviation law and air crash litigation for plaintiffs.
SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy Sasha Rogelberg December 18, 2024 at 1:49 PM
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