Superior Air Charter gets interim access to $1.5 million of DIP loan

By Caroline Salls

Pittsburgh, May 22 – Superior Air Charter, LLC obtained a second interim order allowing it to access $1.5 million of a proposed $3.6 million in debtor-in-possession financing, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The final hearing is scheduled for June 10.

JetSuiteX, Inc. and Delux Public Charter, LLC are the DIP facility lenders.

The facility will mature on Oct. 30.

Interest will accrue at a rate of 5%.

Superior Air Charter is a Dallas-based transportation company. The company filed bankruptcy on April 28 under Chapter 11 case number 20-11007.

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