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ExpressJet Airlines LLC – Regional Airline (Operating from Reno Tahoe Hub as aha!) Files Bankruptcy with $10-50mn in Liabilities

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[Just filed. Developing story.] August 23, 2022 – ExpressJet Airlines LLC (dba aha! Airlines) (“ExpressJet” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No.22-10787 (Judge TBD). The Debtor, a regional U.S. airline headquartered in College Park, Georgia*, is represented by Eric D. Schwartz of Morris, Nichols, Arsht & Tunnell LLP. Further board-authorized engagements include: (i) Eversheds Sutherland (US) LLP as special corporate and transactional counsel and (ii) Epiq Corporate Restructuring, LLC, as claims agent.

* The Debtor is 100% owned by ManaAir LLC (“ManaAir”) and ManaAir is jointly owned by KAir Enterprises LLC and MNBS Associates LLC. In January 2019, ManaAir, then jointly-owned by KAir Enterprises and United Airlines, purchased ExpressJet from SkyWest, Inc.

The Debtor's petition notes between 1,000 to 5,000 creditors; estimated assets between $10.0mn and $50.0mn; and estimated liabilities between $10.0mn and $50.0mn. Documents filed with the Court list the Debtors’ three largest unsecured creditors as (i) the U.S. Small Business Administration ($10.0mn PPP loan claim), (ii) U.S. Department of the Treasury ($3.9mn CARES Act loan claim) and (iii) Skywest Airlines ($2.5mn disputed workers compensation claim).

About the Debtors

About aha!

aha! is a leisure brand of ExpressJet Airlines. aha! seeks to provide travelers in smaller communities, many who have seen air service reduced over the past decade through airline mergers, with convenient, short, nonstop flights to high-quality destinations like the Reno-Lake Tahoe region. In addition to offering value-priced, nonstop flights, aha! is partnering with resorts, casinos and attractions to "bundle" value-priced vacation packages. www.flyaha.com

aha!, short for air-hotel-adventure, flies from 11 exciting cities throughout California, Washington, Oregon, and Idaho. Among the destinations connected nonstop to Reno-Tahoe are: Bend/Redmond, Fresno/Yosemite, Ontario/Los Angeles, Palm Springs, Santa Rosa/Napa Valley, and Spokane. All routes are operated with 50-seat Embraer ERJ145 regional jets.

About ExpressJet Airlines

ExpressJet Airlines operates Embraer ERJ145 regional jet aircraft and has more than 40 years of regional airline experience. ExpressJet, including its leisure brand aha!, is focused on providing travelers in smaller communities with convenient, short, nonstop flights to high-quality destinations. The company's services also include specialty charter flights and additional future routes.

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The post ExpressJet Airlines LLC – Regional Airline (Operating from Reno Tahoe Hub as aha!) Files Bankruptcy with $10-50mn in Liabilities appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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