Fly Victor financial filings show losses of over $50 million

Fly Victor private jet charter broker

The private jet charter broker had predicted profitability in 2020 before its parent entered administration earlier this month

Founder and CEO Clive Jackson says he is hoping to lead a management buyout

(Updated Feb. 21, 2020 at 10:48 EST) Financial statements filed by Alyssum Holdings and Fly Victor Ltd. in early January and obtained by Private Jet Card Comparisons anticipated the company’s tenuous future.

Auditors GrantThornton at the time wrote, “Uncertainty around the repayment or refinancing of this indicates the existence of material uncertainty, which cast significant doubt about the Company’s ability to continue as a going concern.”

Charter broker Fly Victor’s parent company enters administration

private jet charter bankruptcy

Alyssum Holdings Limited, the parent company of private jet charter broker Victor, has entered administration in the U.K.

Victor says it’s business as usual and customer money isn’t at risk

Alyssum Holdings Limited, the parent company of private jet charter broker Fly Victor, Ltd., has entered administration.

The filing made on Wednesday appointed London-based David Rubin & Partners to oversee the process.

Separately, the administrators have hired Hilco Streambank to seek offers to acquire Alyssum’s shareholdings in its subsidiaries Fly Victor Limited and RocketRoute Limited, an online platform providing solutions for private pilots. The deadline for buyers is Feb. 28th.

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