GULFSTREAM INTERNATIONAL FILES FOR CHAPTER 11

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By admin November 5, 2010 14:37

GULFSTREAM INTERNATIONAL FILES FOR CHAPTER 11

Gulfstream International Group has filed for voluntary bankruptcy restructuring on Wednesday. Under Chapter 11 protection, the airline hopes to restructure its debt and secure long-term financing. The company has arranged a $5 million debtor-in-possession financing, Victory Park Capital, a Gulfstream creditor.

“We are operating our full schedule of flights and honoring all tickets and reservations,” said David Hackett, Gulfstream President and CEO. “Our passengers and employees are not impacted by this legal filing.”

admin
By admin November 5, 2010 14:37
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