Premier Air Charter Holdings Inc. (PREM) Form 8-K — Oct 13, 2026
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.
Key figures
- Debt Amount
- 514557
- Williams n973cg
- 137044
- Workforce after
- 37
- Pilots retrained
- 5
- Pilots separated
- 5
- Workforce before
- 42
- N795kf lease claim
- 249416
- N973cg lease claim
- 265141
- Williams textron n795kf
- 129797
- Workforce reduction percent
- 12
- Engine parts programs claimed
- 266842
AI analysis
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