It’s not yet known if troubled air carrier REDjet will be seeking an extension of bankruptcy protection which expires today.
The airline last month announced that it had filed for bankruptcy protection and will not be liable to pay any debts for at least 30 days.
The company did not declare how much it owed but said when the period of bankruptcy protection ends today, it may apply for further extensions until a proposal to pay creditors is completed.
However it said on completion, creditors owed 250 U.S. dollars or more…including passengers who purchased tickets which could not be honoured because of the grounding of the airline on March 16, will be invited to make claims.
RJ
