Premier Air Charter Holdings Inc. (PREM) Premier Air Charter Holdings Inc., through its various subsidiaries, primarily engages in operating air charter services and overseeing aircraft leasing arrangements. The company boasts a diverse fleet tailored to various requirements, including light jets, turbojet models, and mid-to-large cabin aircraft. Beyond direct charter operations, Premier Air offers a comprehensive suite of aviation solutions, specializing in private jet charters, aircraft management, and sales, as well as crafting customized aviation strategies for its clientele. The enterprise maintains its headquarters in Carlsbad, California.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Airlines, Airports & Air Services
Premier Air Charter Holdings Inc. OTC:PREM Industrials · Airlines, Airports & Air Services
All Press Release SEC Filings News
SEC Filing ⚠ 3
PREM: 8-K · leadership change
Premier Air Charter Holdings CFO Matt Aune resigned effective October 19, 2026 for personal reasons, with no severance and no disagreement with the company over operations or policies.
His unvested option to purchase 1.5 million shares, granted June 22, 2026, was forfeited in full. CEO Sandra J. Bonar, who previously held the principal financial officer role before Aune's appointment, took over as interim principal financial officer and principal accounting officer effective October 20, 2026, with no additional compensation.
The company has begun a search for a permanent CFO. The concentration of CEO and interim CFO duties in Bonar — alongside existing family relationships with President Ross David Gourdie — is a governance factor investors may watch during the transition.
SEC 8-K • 1d ago AI analysis › SEC Filing ⚠ 5
PREM: 8-K · material agreement
Premier Air Charter Holdings disclosed that its subsidiary defaulted on two Cessna Citation CJ3 aircraft leases with AB Jet Co I, LLC and AB Jet Co VI, LLC, failed to cure within five business days, and the Lessors terminated the leases and retook the aircraft effective October 1, 2026.
The Lessors claim approximately $514,557 is due, including accelerated principal balance and unpaid rent, plus roughly $266,842 the Company partly disputes owed to Williams International and Textron Aviation under engine programs. The obligations are not guaranteed by the parent and are not cross-defaulted to other leases.
The fleet reduction triggered a restructuring: five of ten CJ-rated pilots will be separated and the workforce cut from 42 to 37 employees (~12%), with no material charges expected. Separately, Chairman Vincent Monteparte resigned October 6 and Kyle McCollum was appointed director and Chairman on October 8, 2026.
SEC 8-K • 11d ago AI analysis › SEC Filing ● Critical ⚠ 10
PREM: 10-Q · periodic report
Premier Air Charter Holdings' Q2 2026 revenue fell to $5.78 million from $7.43 million a year earlier, with charter revenue down 23.9% after the Paradigm fleet was removed from the available charter fleet and aircraft N450JB went out of service for maintenance. The quarterly net loss widened 28.7% to $1.29 million, and the company swung to a $35,045 gross loss as cost cuts lagged the revenue decline.
The filing states there is substantial doubt about the company's ability to continue as a going concern, with only $156,504 of cash against a $16.81 million working capital deficit and a $3.60 million balloon payment due September 2, 2026. Operations remain dependent on related-party support, with $5.11 million due to related parties and recent borrowings carrying rates up to 25.5% APR.
Management concluded that disclosure controls and procedures are not effective as of June 30, 2026, adding internal-control risk on top of the liquidity concerns. Premier also settled an FAA maintenance-compliance investigation for a $32,000 civil penalty on June 17, 2026, while litigation against Empyreal Jet and Triumph Jets remains in discovery.
SEC 10-Q • 2mo ago AI analysis › Press Release
Premier Air Charter Holdings Inc. Appoints Former Phunware CFO Matt Aune as Chief Financial Officer
Premier Air Charter appointed Matt Aune as Chief Financial Officer, effective June 22, 2026, bringing on a veteran finance executive with over 12 years of experience at Phunware, Inc.
Mr. Aune previously guided Phunware through a successful Nasdaq listing and five consecutive years on the Inc. 5000 list, signaling Premier's intent to scale operations and strengthen financial discipline.
The appointment is a key component of Premier's 2026 growth strategy as it seeks to expand fleet capacity and enhance market visibility.
• 3mo ago AI analysis › SEC Filing ⚠ 2
PREM: 8-K · leadership change
Premier Air Charter Holdings Inc. has appointed Matt Aune as its new Chief Financial Officer, effective June 22, 2026. Mr. Aune will serve as the company's principal financial officer, bringing experience from scaling technology enterprises and managing public company listings.
In connection with his appointment, Mr. Aune received an annual base salary of $237,000 and a stock option grant to purchase 1,500,000 shares of common stock. The options have an exercise price of $0.059 per share and will vest over four years, subject to his continued employment.
Mr. Aune previously served as the CFO of Phunware, Inc. from 2011 to 2023, where he led the company's Nasdaq listing. His prior experience also includes senior financial planning roles at Sony Computer Entertainment America and Midway Games.
SEC 8-K • 3mo ago AI analysis › Press Release
Premier Air Charter Discusses FAA Approval, Growth Strategy, and Market Trends in Follow-Up Interview
Management highlighted the recently received FAA approval to operate charter flights with 10 or more passengers as a key inflection point that expands operational capabilities.
The company reported revenue growth of over 50% in its most recent fiscal year and outlined plans to upgrade its fleet with large-cabin jets to serve higher-value group and long-haul travel segments.
Leadership emphasized a disciplined growth strategy focused on aligning capacity with demand and optimizing fleet utilization rather than pursuing aggressive volume expansion.
• 4mo ago AI analysis › Press Release ⚠ 2
Premier Air Charter Holdings Inc. Receives FAA Approval to Operate 10+ Passenger Charter Flights
Premier Air Charter Holdings received FAA approval to operate charter flights with 10 or more passengers, a key regulatory milestone for its growth strategy.
The company plans to reconfigure two existing Bombardier Challenger jets from 9 to 12 seats and add two Gulfstream G4 jets to its fleet, with service entry targeted for July 2026.
Management estimates these expanded capabilities could generate up to $10 million in incremental annual revenue if fully chartered, allowing Premier to target higher-value group travel and long-range missions.
• 4mo ago AI analysis › Press Release
Premier Air Charter Announces Launch of New, Highly Functional Website to Enhance Client Experience
globenewswire.com • 5mo ago SEC Filing ● Major ⚠ 6
PREM: 10-Q · periodic report
Premier Air Charter Holdings Inc. reported a net loss of $1.16 million for the quarter ended March 31, 2026, despite a 20% year-over-year revenue increase to $7.2 million. The company disclosed substantial doubt about its ability to continue as a going concern, citing reliance on related-party financial support and limited working capital.
The filing reveals significant governance and liquidity risks, including a disclosure that internal controls are not effective and the existence of a high-interest loan at 90.67% per annum. Additionally, the company is facing an ongoing investigation by the Federal Aviation Administration regarding safety compliance and has pending litigation involving a former employee and a charter partner.
Cash on hand stands at only $288,000 against total liabilities of nearly $36 million. The company executed a new $710,000 commercial loan in April 2026 to pay off prior debt, highlighting its continued struggle to secure sustainable financing without heavy reliance on related parties.
SEC 10-Q • 5mo ago AI analysis › Press Release ⚠ 2
Premier Air Charter Chairman’s Letter to Shareholders: Delivering Growth with Discipline and Operational Excellence
Premier Air Charter reported fiscal 2025 revenue growth of approximately 53.5%, with charter revenue rising by $11.8 million year-over-year.
The company significantly expanded its operational asset base by 273% and increased shareholder equity by 354% over the period.
Management plans to add mid-to-heavy aircraft in 2026, expand in-house maintenance capabilities to third-party operators, and pursue a '10 or more' FAA designation.
• 5mo ago AI analysis › Press Release
Premier Air Charter Holdings Inc. Delivers Strong 2025 Fiscal Year Revenue Growth
Premier Air Charter reported fiscal 2025 revenue of $31.9 million, representing a 54% increase from the prior year.
Management attributed the growth to rising demand for premium on-demand charter services, high-margin aviation management, and customized travel solutions.
President Ross Gourdie stated the company is expanding its fleet and infrastructure to support a transition toward sustainable profitability in 2026.
• 6mo ago AI analysis › Recent SEC filings with analysis 
