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Published on 11/10/2017 in the Prospect News Distressed Debt Daily.

Zetta Jet USA Chapter 11 trustee eyes case recognition, asset recovery

By Caroline Salls

Pittsburgh, Nov. 10 – Zetta Jet USA, Inc.’s Chapter 11 trustee requested court approval to seek recognition of the company’s bankruptcy case in foreign courts, according to a motion filed Nov. 9 with the U.S. Bankruptcy Court for the Central District of California.

According to the motion, the Chapter 11 trustee has identified assets of the debtors that are located in different parts of the world.

“The Chapter 11 trustee intends to seek recognition to recover and secure assets that belong to the debtors,” the motion said.

Zetta Jet is a Burbank, Calif.-based private aviation charter company. The company filed for bankruptcy on Sept. 15 under Chapter 11 case number 17-21386.


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