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Published on 9/26/2014 in the Prospect News Distressed Debt Daily.

Global Aviation had zero net loss in August, revenue of $1.92 million

By Kali Hays

New York, Sept. 26 – Global Aviation Holdings, Inc. reported a zero net loss for August on $1.92 million in revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Global Aviation reported zero net loss for July on $2.83 million of revenue.

The company also posted cash of $1.42 million at Aug. 31, up from $839,027 at the end of July.

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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