Private Jet Company Superior Air Files for Bankruptcy Protection
- Making money was never easy, and then came the pandemic
- Fleet is grounded, and management may consider a sale
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Superior Air Charter LLC filed for bankruptcy protection, unable to keep its private charter service aloft while the coronavirus curtails travel.
The aviation company listed liabilities of $50 million to $100 million and assets of no more than $10 million, according to a Chapter 11 petition filed with the U.S. bankruptcy court in Delaware.