Ultimate Jetcharters LLC, which does business as Ultimate Jet, has filed for bankruptcy protection
GREEN, Ohio - Ultimate Jet, the charter airline based at Ohio’s Akron-Canton Airport, is expected to continue operating as usual while its management financially restructures the company under Chapter 11 bankruptcy protection.
Ultimate Jetcharters LLC, which does business as Ultimate Jet, filed for bankruptcy protection last week “to address challenges from the previous management group,” said Stephen West, president and CEO, in an emailed response to questions. Those challenges included at least $10 million in debt for which Ultimate Jetcharters became responsible after the airline’s founder sold a controlling interest in the company in early 2020, according to a bankruptcy court filing by CEO West.If you purchase a product or register for an account through a link on our site, we may receive compensation.
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