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Published on 2/4/2014 in the Prospect News Distressed Debt Daily.

Global Aviation posts zero December net loss, $1.37 million revenue

By Caroline Salls

Pittsburgh, Feb. 4 - Global Aviation Holdings, Inc. reported zero net loss for December on $1.37 million in revenue, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company had negative $9,725 in unrestricted cash and equivalents as of Dec. 31.

Global Aviation, a Peachtree City, Ga.-based provider of charter air transportation for the U.S. military and of commercial global passenger and cargo air transportation services, filed for bankruptcy on Nov. 12. The Chapter 11 case number is 13-12945.


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