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Global Aviation Holdings Inc.

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Case Number:

1:13-bk-12945

Court:

Delaware

Nature of Suit:

Firms

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  1. May 28, 2014

    Bankrupt Global Aviation Gets Nod For $13M Unit Sale

    A Delaware bankruptcy judge on Wednesday gave Global Aviation Holdings Inc. the green light to sell its remaining operating line to Omni Air International Inc., blessing a deal that could bring the charter air service provider as much as $13 million.

  2. April 30, 2014

    Global Aviation Gets Nod For Ch. 11 Forbearance Deal

    A Delaware bankruptcy judge on Wednesday agreed to approve a forbearance agreement between Global Aviation Holdings Inc. and debtor-in-possession lender Cerberus Business Finance LLC, a deal that lets the charter air service provider draw on cash collateral to finance its Chapter 11 case.

  3. April 28, 2014

    Global Aviation Catches Flak For Ch. 11 Forbearance Pact

    The landlord of bankrupt Global Aviation Holdings Inc.'s headquarters took aim Monday at a proposed forbearance agreement between the military charter service provider and debtor-in-possession lender Cerberus Business Finance LLC, saying the pact fails to account for postpetition lease payments.

  4. February 25, 2014

    Global Aviation Gets OK For Ch. 11 Plan-Support Pact

    A Delaware bankruptcy judge on Tuesday approved a Chapter 11 plan-support agreement among Global Aviation Holdings Inc., its creditors committee and the Cerberus Capital Management LP unit that is the stalking-horse bidder, after the Teamsters union dropped its immediate opposition to the pact.

  5. January 27, 2014

    Bankrupt Global Aviation Cleared For Auction

    A Delaware bankruptcy judge on Monday gave Global Aviation Holdings Inc. the green light Monday to proceed with its sale plan, approving the charter air service provider's call for a March auction with a unit of private equity firm Cerberus Capital Management LP as a stalking-horse bidder.

  6. December 04, 2013

    Global Aviation Plans Stalking Horse Sale To Cerberus Unit

    Charter air service provider Global Aviation Holdings Inc. asked a Delaware bankruptcy court late Tuesday to consider a plan for a stalking horse auction to a unit of Cerberus Capital Management LP, setting the floor with an as-yet undetermined credit bid against first-lien debt.

  7. November 14, 2013

    Global Aviation Can Launch Second Ch. 11 In Del., For Now

    A Delaware bankruptcy judge allowed the second Chapter 11 proceeding in as many years for Global Aviation Holdings Inc. to take off from Delaware on Thursday, and gave the interim nod to a $52 million revolving post-petition loan from lenders led by a unit of Cerberus Capital Management LP.

  8. November 13, 2013

    New Global Aviation Ch. 11 In Limbo With Old Case Still Open

    The new Chapter 11 case for Global Aviation Holdings Inc. was left on the runway Wednesday after a Delaware bankruptcy judge said she wouldn't consider any of the company's first-day motions until getting the OK from the judge presiding over its still-open previous stint in bankruptcy in New York.