Private jet company superior air files for bankruptcy protection

Superior Air Charter filed for bankruptcy protection, unable to keep its private charter service aloft while the coronavirus curtails travel. The aviation company listed liabilities of $50m to $100m and assets of no more than $10m, according to a Chapter 11 petition filed with the US bankruptcy court in Delaware.Superior is affiliated with JetSuite, the private jet charter company, which had to ground its fleet of planes April 15 and furloughed most of its crewmembers, according to its website. JetSuite cited the Covid-19 outbreak. The filing gives Superior Air’s management a break on its debts while it works out a recovery plan. <br/>