Filing Alert: Corporate Air Chapter 11
Corporate Air Files Chapter 11 in Western District of Pennsylvania
Update (Sept. 30, 2025): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of Corporate Air.
Corporate Air, LLC and its debtor affiliates⁽¹⁾, a West Mifflin, PA-based aircraft charter and aviation services provider, filed for Chapter 11 protection on Sep. 29 in the U.S. Bankruptcy Court for the Western District of Pennsylvania.
The filing aims to facilitate a pre-arranged sale of the company's assets as a going concern to its prepetition bridge lender and proposed DIP lender, Vantage AGC, LLC, pursuant to a Restructuring Support Agreement (RSA). The move follows a severe liquidity crisis precipitated by the loss of key managed aircraft customers in 2023 and a recent threat of termination of its ground leases at Allegheny County Airport, which Vantage's $2 million prepetition bridge loan cured.
To fund the sale and operations, the debtors are seeking approval of up to $4.5 million in new-money junior DIP financing from Vantage ($1.5 million interim) and use of cash collateral of senior secured lenders Huntington National Bank and the U.S. Small Business Administration.
The company reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-22602.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Kevin Douglass
Babst, Calland, Clements and Zomnir, P.C.
Email: kdouglass@babstcalland.com
General Bankruptcy Counsel:
- Klehr Harrison Harvey Branzburg LLP
Financial Advisor / CRO:
- Riveron Management Services, LLC (David Nolletti)
Claims Agent:
Equity Security Holders:
- CAM Investments, Inc. – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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