Transjet filed chapter 11

[transjet]

Yes, we keep in contact and up to date on the current situation, we are not prepared to speak openly on here about matters concerning charterers, you know how to contact us and will speak with you direct if you wish.

Or you can email us

[UFGBOY]

TRUTH!!

For the record; both employees RESIGNED; one was also telephoned and asked if they would like to reconsider after some time off as it HAD been a stressful situation; indeed another person walked off and went back flying after a few days when matters had calmed down

The (JAR) mx team had signed the a-c off; so there was no reason for any crew member to refuse to fly; obviously personal views played a big part in all of this

Lastly, the all pax who refused to fly back with TJ did in fact fly back with them landing 20 minutes early........

[Cosmo]

Chapter 11

As questioned by a previous poster, Sweden does not have a "Chapter 11" option in their bankruptcy law. As far as I've understood, Transjet has filed for Company Reconstruction. This entails, in short, that a company with difficulties in meeting their outstanding debts requests for the procedure at one of the lower courts.

During such a procedure a court appointed reconstructor investigates whether or not the activity of the company can carry on in whole or in part, and how. The possibilities for the debtor and the creditors to reach an economic settlement is also looked into.

During the above procedure, as a rule, property cannot be the object of precautionary attachment or seizure.


Cosmo

[Brenoch]

I extend my appologies for not beeing up to speed on the US bankruptcy laws.
How is this example different from a full out "chapter 11".

[Engineer]

So can one assume that Transjet are like their aircraft fleet web page under construction

[Knold]

Right you are