Private Jet Company Superior Air Files for Bankruptcy Protection

Superior Air Charter LLC filed for bankruptcy protection, unable to keep its private charter service aloft while the coronavirus curtails travel.

The aviation company listed liabilities of $50 million to $100 million and assets of no more than $10 million, according to a Chapter 11 petition filed with the U.S. 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, which has forced travel corporations across the globe to shut ...