February 21, 2018 7:16 AM ET

Airlines

Company Overview of Zetta Jet Pte. Ltd

Company Overview

Zetta Jet Pte. Ltd provides personalized private airline services. The company operates luxury charter flights and offers in-flight services. It operates flights between various destinations ranging from Moscow to Los Angeles, and New York to Beijing. Zetta Jet Pte. Ltd was founded in 2015 and is based in Singapore. On September 15, 2017, Zetta Jet Pte Ltd. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Central District of California. It is in joint administration with Zetta Jet USA, Inc.

700 West Camp Road

04-10, JTC Aviation One

Singapore,  797649

Singapore

Founded in 2015

Phone:

65 6483 8870

Key Executives for Zetta Jet Pte. Ltd

Managing Director
Director of Operations
Director of Maintenance
Director of Sales
Compensation as of Fiscal Year 2017.

Zetta Jet Pte. Ltd Key Developments

Final DIP Financing Approved for Advanced Air Management, Inc.

The US Bankruptcy Court gave an order to Zetta Jet USA, Inc. to obtain unsecured DIP financing on final basis on October 27, 2017. As per the order, the debtor has been authorized to obtain a credit facility in the amount of $0.95 million from S. Matthew Walter ($0.1 million) and James Seagrim ($0.84 million). DIP facility is on an unsecured basis as an administrative claim without priority status over other administrative claims.

Interim DIP Financing Approved for Advanced Air Management, Inc.

The US Bankruptcy Court gave an order to Zetta Jet USA, Inc. to obtain unsecured DIP financing on an interim basis on October 6, 2017. As per the order, the debtor has been authorized to obtain a credit facility in the amount of $1 million from S. Matthew Walter ($0.14 million) and James Seagrim ($0.86 million). DIP facility is on an unsecured basis as an administrative claim without priority status over other administrative claims. The final hearing on the motion will be held on October 25, 2017.

Zetta Jet Diversifies its Fleet with Four Bombardier Challenger 650 Business Jets

Business Aircraft announced that four Challenger 650 jets will join the Global fleet of Zetta Jet. The announcement follows the signature of a purchase agreement between China's Minsheng Financial Leasing Co. Ltd. and Bombardier Business Aircraft, as well as the signature of a strategic agreement on the co-operation in aircraft leasing between Minsheng Financial Leasing and Zetta Jet, at the National Business Aviation Association's (NBAA) 2016 Convention and Exhibition in Orlando, Florida. The aircraft order is valued at approximately USD 129.4 million.

Recent Private Companies Transactions

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