Gulfstream files for bankruptcy

Florida, USA airline Gulfstream International has filed for bankruptcy after failing to cope with debt and rising fuel costs.

It said the filing will not affect its 150 daily flights.

"Gulfstream has received strong interest from a number of investment sources; however, they all cited a need to restructure the balance sheet through Chapter 11 prior to making those investments," the company said.

 

Gulfstream files for bankruptcy

Florida, USA airline Gulfstream International has filed for bankruptcy after failing to cope with debt and rising fuel costs.

It said the filing will not affect its 150 daily flights.

"Gulfstream has received strong interest from a number of investment sources; however, they all cited a need to restructure the balance sheet through Chapter 11 prior to making those investments," the company said.