Charter & Fractional
Zetta Jet Ceasing Operations Today
Bankruptcy court apparently denied Zetta Jet's bid for new financing.
Global air charter operator Zetta Jet is ceasing operations today (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 today. (Photo: David McIntosh/AIN)
Global air charter operator Zetta Jet is ceasing operations today (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 today. (Photo: David McIntosh/AIN)

Just a few weeks after believing that it had lined 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’s certificate to the U.S. FAA. Court documents show that the trustee in the Zetta Jet bankruptcy case, Jonathan King, a partner and co-chair of DLA Piper'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’s bid for new financing, a decision that was said to have come as a surprise.


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