{"id":8548,"date":"2017-12-01T08:43:35","date_gmt":"2017-12-01T15:43:35","guid":{"rendered":"http:\/\/flightlistpro.com\/private-jet-charter\/?p=8548"},"modified":"2017-12-01T08:43:35","modified_gmt":"2017-12-01T15:43:35","slug":"operator-zetta-jet-calls-it-quits","status":"publish","type":"post","link":"https:\/\/flightlistpro.com\/private-jet-charter\/operator-zetta-jet-calls-it-quits\/","title":{"rendered":"Global Charter Operator Zetta Jet Calls It Quits"},"content":{"rendered":"<p>International long range jet operator Zetta Jet ceased operations yesterday, Nov. 30, according to court documents.\u00a0 Zetta Jet owned and operated a fleet of branded Global 6000&#8217;s and Challenger 650&#8217;s and focused on the Asia-Pacific-US region, and had been embroiled in <a href=\"https:\/\/corporatejetinvestor.com\/articles\/zetta-jet-chapter-11-geoffrey-cassidy-098\/\" target=\"_blank\" rel=\"noopener\">internal lawsuits<\/a> and a Chapter 11 filing which is now moving to Chapter 7 proceedings.\u00a0 The operator is turning over it&#8217;s air carrier certificate to the U.S. FAA according to reports.<\/p>\n<div id=\"attachment_8549\" style=\"width: 635px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/12\/zetta-jet-backrupt.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8549\" class=\"size-large wp-image-8549\" src=\"https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/12\/zetta-jet-backrupt.jpg?resize=625%2C307\" alt=\"zetta jet charter operator backruptsy\" width=\"625\" height=\"307\" srcset=\"https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/12\/zetta-jet-backrupt.jpg?resize=1024%2C503&amp;ssl=1 1024w, https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/12\/zetta-jet-backrupt.jpg?resize=300%2C147&amp;ssl=1 300w, https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/12\/zetta-jet-backrupt.jpg?resize=768%2C377&amp;ssl=1 768w, https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/12\/zetta-jet-backrupt.jpg?resize=624%2C306&amp;ssl=1 624w, https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/12\/zetta-jet-backrupt.jpg?w=1100&amp;ssl=1 1100w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/a><p id=\"caption-attachment-8549\" class=\"wp-caption-text\">Global air charter operator Zetta Jet ceased operations November 30. A reliable source said the company is leaving its fleet of Bombardier Challengers and Globals parked where they are at the end of the day. (Photo: David McIntosh\/AIN)<\/p><\/div>\n<h1><span class=\"date-display-single\"><a href=\"https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-03-at-10.33.04-AM.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-8533\" src=\"https:\/\/i0.wp.com\/flightlistpro.com\/private-jet-charter\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-03-at-10.33.04-AM.png?resize=217%2C45\" alt=\"\" width=\"217\" height=\"45\" \/><\/a><\/span><\/h1>\n<p><strong>Aviation International News, by Kerry Lynch, Nov. 30<\/strong><\/p>\n<div class=\"field-name-body\">\n<p>Just a few weeks after believing that it had\u00a0lined up $8.5 million in post Chapter 11 petition financing, international air charter operator Zetta Jet is ceasing operations today and turning over its air operator\u2019s certificate to the U.S. FAA.\u00a0Court documents show that the trustee in the Zetta Jet bankruptcy case, Jonathan King, a partner and co-chair of DLA Piper&#8217;s white collar, corporate crime and investigations practice, has asked the court for a change from Chapter 11 proceedings to Chapter 7 proceedings. The change to liquidation came after the U.S. Court apparently denied Zetta Jet\u2019s bid for new financing, a decision that was said to have come as a surprise.<\/p>\n<p>Zetta Jet had\u00a0<a href=\"https:\/\/www.ainonline.com\/aviation-news\/business-aviation\/2017-09-18\/zetta-jet-files-bankruptcy-protection\">filed for Chapter 11 bankruptcy protection<\/a>\u00a0in September after ousting managing director Geoffery Cassidy.\u00a0Zetta Jet in mid-November announced it had arranged financing from existing lessor Scout Aviation II and said it hoped to secure a buyer for the company.<\/p>\n<p>The Zetta Jet brand was launched a little more than two years ago and had become one of the fastest-growing charter operators in the Asia-Pacific region with a fleet of Bombardier Globals and Challengers. Although it was originally a Singapore-based company, the bankruptcy proceedings were filed in U.S. courts. The U.S. branch was built up following a merger less than a year ago with aircraft management specialist Advanced Air Management.<\/p>\n<\/div>\n<hr \/>\n<p>Source:\u00a0 <a href=\"https:\/\/www.ainonline.com\/aviation-news\/business-aviation\/2017-11-30\/zetta-jet-ceasing-operations-today\" target=\"_blank\" rel=\"noopener\">AIN article news article<br \/>\n<\/a>Copyrights held by Aviation International News (AIN)<\/p>\n<p><em>The FlightList PRO multi-search platform, the world&#8217;s largest, includes all 16,631 charter aircraft and 3,419 charter operators worldwide. \u00a0FlightList PRO is used by the most experienced\u00a0brokers and travel professionals in the industry; 80% of users have arranged charters more than 10 years, 25% more than 20 years.\u00a0 Access to the multi-search platform for 3 users is just $90\/month-to-month.<\/em><\/p>\n<p><em>Air Charter Alerts by FlightList PRO, are the latest announcements in the private air charter industry about operators, brokers and charter aircraft, and geared towards active participants in the industry.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;<br \/>\nInternational long range jet operator Zetta Jet ceased operations yesterday, Nov. 30, according to court documents.\u00a0 Zetta Jet owned and operated a fleet of branded Global 6000&#8217;s and Challenger 650&#8217;s and focused on the Asia-Pacific-US region, and had been embroiled in internal lawsuits and a Chapter 11 filing which is now moving to Chapter 7 proceedings.\u00a0 A reliable source said the company is leaving its fleet of Bombardier Challengers and Globals parked where they were at the end of the day.  The operator is turning over it&#8217;s air carrier certificate to the U.S. FAA according to reports . . .<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,43],"tags":[45,101],"class_list":["post-8548","post","type-post","status-publish","format-standard","hentry","category-operator-updates","category-private-aviation-industry-news","tag-air-charter-news","tag-private-aviation-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global Charter Operator Zetta Jet Calls It Quits - Jet Charter News Alerts, Broker-Operator Directory - FlightList PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/flightlistpro.com\/private-jet-charter\/operator-zetta-jet-calls-it-quits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Charter Operator Zetta Jet Calls It Quits\" \/>\n<meta property=\"og:description\" content=\"&#039; International long range jet operator Zetta Jet ceased operations yesterday, Nov. 30, according to court documents.\u00a0 Zetta Jet owned and operated a fleet of branded Global 6000&#039;s and Challenger 650&#039;s and focused on the Asia-Pacific-US region, and had been embroiled in internal lawsuits and a Chapter 11 filing which is now moving to Chapter 7 proceedings.\u00a0 A reliable source said the company is leaving its fleet of Bombardier Challengers and Globals parked where they were at the end of the day. 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A reliable source said the company is leaving its fleet of Bombardier Challengers and Globals parked where they are at the end of today. 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