PPRuNe Forums - View Single Post - Zetta Jet USA files Chapter 11
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Old 18th Sep 2017, 19:40
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Propellerpilot
 
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Quote from the filing: "the largest creditors listed in the filing include Bombardier ($15.1 million), Rolls-Royce Deutschland ($4.1 million), World Fuel Services, Pte Ltd Singapore ($4.0 million), Universal Fuels, Inc. Houston, ($2.7 million), CAE SimuFlite Dallas ($2.2 million), Hong Kong & Shanghai Banking Corp Singapore ($2.0 million), Scout Aviation II, LLC Guernsey ($1.3 million), and Universal Weather & Aviation, Inc. Houston ($1.1 million). The claim from Hong Kong & Shanghai Banking Corp. was listed as credit card services".

As I understand it, this imples that these creditors - (the biggest being manufacturer Bombardier with $15.1 million) will not receive any of the outstanding debts or parts thereof until Zetta is sanitised or files for Chapter 7 (liquidation).
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