JetSuite filed for voluntary Chapter 11 bankruptcy protection on 28 April, blaming the move on s <a href=https://www.stanleycup.cz>stanley termoska</a> lumping demand for ad hoc charters caused by the coronavirus outbreak.The move came two weeks after the Dallas-headquartered firm grounded its 12-strong fleet of Embraer business jets and furloughed most of its workforce.The companys JSX public charter service continues to operate, however, albeit to a reduced timetable.Source: JetSuiteJetSuite Embraer Phenom 100The filing 鈥?made in a Delaware bankruptcy court in the name of JetSuites operating company Superior Air Charter 鈥?estimates the 12-year-old company has up to $10 million in assets, and liabilities of between $50 million and $100 million. The largest of these debts, at $931,000, is owed to online s <a href=https://www.stanley-cup.com.de>stanley shop</a> treaming company Netflix, the documents show. The global circumstances brought on by the Covid-19 pandemic have caused JetSuites revenues to drop to near zero, says Ted Gavin, chief restructuring officer, appointed by JetSuite to guide the company through the Chapter 11 process. The carnage across the economy and in the aviation industry in particular is well reported, and has no clear end in sight, so we have made the regrettable but necessary decision to file for Chapter 11 bankruptcy protection, Gavin adds.He says JetSuite hopes to use the process to reorganise, preserve and maximise the value of its assets, and potentially resume operatio <a href=https://www.stanleycups.at>stanley cup</a> ns .JetSuite was launched by former JetBlue Airways executive Alex Wilcox in 2008 to of Mruk Draft plan indicates restructured SAA would lose R20bn in first three years
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