From the SSH homepage.
FOR IMMEDIATE RELEASE
Contact: Maile Takashima
February 4, 2008
MassMedia Corporate Communications
(702) 433-4331
[email protected]
Silver State Helicopters Files Chapter 7
(Las Vegas, Nev.) – Silver State Helicopters, a privately-owned company based in Las Vegas, Nevada, filed a petition with the U.S. Bankruptcy Court for relief under Chapter 7 of the bankruptcy code.
The company closed all operations yesterday, February 3, 2008, at 5:33 p.m. PST. This action followed a rapid, unprecedented downturn in the U.S. credit markets, which severely curtailed the availability of student loans for the company’s flight academy students and resulted in a sharp and sudden downturn in new student enrollment.
“The decision to shut down operations was made only after the company explored its other available alternatives,” said Elizabeth Trosper, company spokesperson. “Information for former employees and students will be disseminated as it becomes available.”
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About Silver State Helicopters
Silver State Helicopters operated flight academies at more than thirty locations in fifteen states. Additional information will be posted on the company’s Web site at
www.silverstatehelicopters.com.