$RJET >>> $RJETQ

$RJET to $RJETQ (I am reminded of $AMMRQ)

  • Announced reason for bankruptcy: lack of pilots
    • My opinion: CEO Bryan Bedford comments “Over the last several months, we’ve attempted to restructure the obligations on our out-of-favor aircraft made so by a nationwide pilot shortage and to increase our revenues. Its become clear that this process has reached an impasse and that any further delay would unnecessarily waste valuable resources of the enterprise. Our filing today is a result of our loss of revenue during the past several quarters associated with grounding aircraft due to a lack of pilot resources, combined with the reality that our negotiating effort with key stakeholders shows no apparent prospect of a near term resolution.

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