Gulf Atlantic Capital Secures Equity Infusion to
Fund Reorganization of Troubled Airline

  • Ft. Lauderdale, Florida $8,000,000

    Gulf Atlantic Capital acted as Investment Banker to secure debt and equity financing for the Company's plan of reorganization.

    GulfAtlanticCapital PRIVATE INVESTMENT BANKERS corporation
  • Gulf Atlantic Capital was retained by to provide comprehensive restructuring and recapitalization services.
  • The Company was facing increasing operational losses and an over-leveraged balance sheet as a result of operational inefficiencies, high fuel prices and declining revenues.
  • Completed a comprehensive operational and financial restructuring including a new senior debt facility and new equity investors.
  • Transaction structure allowed existing ownership to retain a substantial equity position.
  • Confirmed Chapter 11 plan of reorganization that reduced the Company's liabilities by more than $30 million.