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Regional airline files for Chapter 11 bankruptcy, cancels flights
Yahoo Finance· 2026-01-19 12:34
Core Insights - The airline industry is experiencing significant disruptions due to sudden bankruptcies, which can have long-lasting effects on local communities and related businesses [1][2]. Group 1: Airline Bankruptcies - Tailwind Air, a seaplane company, filed for Chapter 11 bankruptcy on January 15, 2026, after struggling to turn a profit and transitioning to charter-only operations in 2024 [3][4]. - The airline reported assets of less than $100,000 and liabilities between $1 million and $10 million, with debts owed to 50 to 99 creditors [5]. - Tailwind Air's bankruptcy follows the collapse of other airlines, highlighting a trend of financial instability within the industry [1][2]. Group 2: Operational Challenges - Tailwind Air initially launched in 2014 but began commercial operations in 2019, facing challenges in demand and profitability [3][4]. - The airline's fleet included Cessna 208 Caravan, SOCATA TBM, and Dassault Falcon 900 aircraft, with ticket prices ranging from $400 to $800 [6][7]. - The company had been seeking investors to restart operations but ultimately failed to maintain its Air Operator Certificate (AOC) [5][6].
Volato(SOAR) - Prospectus(update)
2024-05-23 21:04
TABLE OF CONTENTS As filed with the Securities and Exchange Commission on May 23, 2024 Registration Statement No. 333-278913 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 VOLATO GROUP, INC. (Primary Standard Industrial Classification Code Number) 1954 Airport Road, Suite 124 Chamblee, Georgia 30341 Telephone: 844-399-8998 (Address, including zip code, and telephone number, including area code, of Re ...
PROOF Acquisition I(PACI) - Prospectus(update)
2024-05-23 21:04
TABLE OF CONTENTS As filed with the Securities and Exchange Commission on May 23, 2024 Registration Statement No. 333-278913 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 VOLATO GROUP, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) 1954 Airport Road, Suite 124 Chamblee ...
PROOF Acquisition I(PACI) - Prospectus
2024-04-24 21:10
The Securities Act of 1933 VOLATO GROUP, INC. (Exact name of Registrant as specified in its charter) TABLE OF CONTENTS As filed with the Securities and Exchange Commission on April 24, 2024 Registration Statement No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT Under Delaware 4522 86-2707040 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Num ...
Volato(SOAR) - Prospectus(update)
2024-04-02 21:12
TABLE OF CONTENTS FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 VOLATO GROUP, INC. (Exact name of Registrant as specified in its charter) As filed with the Securities and Exchange Commission on April 2, 2024 Registration No. 333-276479 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration st ...
Volato(SOAR) - Prospectus(update)
2024-02-09 22:33
TO TABLE OF CONTENTS As filed with the Securities and Exchange Commission on February 9, 2024 Registration No. 333-276479 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 VOLATO GROUP, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) 1954 Airport Road, Suite 124 Chamblee, Geor ...