Filing Alert: Avenger Flight Group Chapter 11
Avenger Flight Group Files Chapter 11 in District of Delaware
Update (Feb. 12, 2026): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of Avenger Flight Group, LLC.
Avenger Flight Group, LLC and its debtor affiliates⁽¹⁾, a Fort Lauderdale, FL-based provider of commercial aviation simulation and flight training services, filed for Chapter 11 protection on Feb. 12 in the U.S. Bankruptcy Court for the District of Delaware.
The debtors' financial distress stems from an unsustainable debt load incurred during rapid expansion, compounded by industry headwinds including the grounding of Airbus A320neo aircraft (a key simulator model for the company) and the bankruptcies of major customers such as Spirit Airlines.
The filing aims to facilitate a value-maximizing §363 sale of substantially all assets, with a designee of the prepetition term loan lenders serving as the stalking horse bidder via a credit bid. To fund the case and sale process, the debtors have secured a $43.5 million DIP facility from the prepetition lenders, consisting of $14.5 million in new money and a roll-up of prepetition obligations.
Avenger Flight Group, LLC reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-10183.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Mary F. Caloway
Pachulski Stang Ziehl & Jones LLP
Email: [email protected]
Financial Advisor / CRO :
- SierraConstellation Partners (Lawrence Perkins)
Investment Banker:
- Seabury Aviation Partners LLC
- Seabury Securities LLC
Claims Agent:
- Kurtzman Carson Consultants, LLC dba Verita Global
Equity Security Holders:
- Avenger Flight Group Topco, LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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