All in Jets files for bankruptcy
All In Jets, operating under the name JetReady, a large body charter operator, has filed for Chapter 11 reorganisation bankruptcy in the Southern District of New York Bankruptcy Court following filings made earlier this month. In an August 9th filing made by All in Jets, the company declared assets of between $500,000 and $1m and estimated liabilities of between $1m and $10m.
The charter operator is based in Florida but has had its principal place of business or principal assets in the southern New York district for the past six months.
The company’s unsecured creditors cover all aspects of business aviation, with the largest debt owed to Florida aviation law firm Jarvis & Associates (at $758,258). Other major claimants include: maintenance providers such as Just Jets Services (owed $504,084), fuel providers and FBO – —World Fuel Services ($513,777), Atlantic Aviation ($393,866), and Apex Jet Center ($151,848) – training provider CAE ($166,952), trip support provider Jetex ($129,654), OEM Gulfstream ($105,775), and fellow charter providers Jetright ($252,876) and Pegasus Elite Aviation ($123,820).
Documents filed with the court also show nine other companies and agencies owed varying amounts between $62,653 and $132,926.
JetReady is an ARG/US rated (US safety regulator), Wyvern-registered charter operator with a floating fleet of heavy to mid-size jets. Its aircraft include: Gulfstream GIVs, Challenger 601s and Hawker 800 models.