Global Aviation reports zero net loss for March, increase in revenue

By Caroline Salls

Pittsburgh, May 27 - Global Aviation Holdings, Inc. reported zero net loss for March on $1.08 million of revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare with zero net loss posted for February on $627,397 of revenue.

The company also listed negative $318,323 olf unrestricted cash and cash equivalents as of March 31, widening from negative $130,284 at the end of February.

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, 2013. The Chapter 11 case number is 13-12945.

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