Although Regional Jet, which operated under the Xfly brand, went bankrupt in February, it still has dozens of employees and a valid maintenance certificate.
In November last year, Nordic Aviation Group and its subsidiary Regional Jet filed for bankruptcy. The court declared Nordica bankrupt in January, followed by the bankruptcy ruling for Regional Jet, which operated under the Xfly brand, in February.
While one might assume a bankrupt company would cease operations entirely, business registry records show this is not the case for Regional Jet. Despite tax arrears of more than €244,000, the company posted €92,514 in revenue and employed 21 people in the third quarter of this year.
Regional Jet also still holds a valid aircraft…