ShareThis Page
Jilted investors seek to force troubled airline OneJet into bankruptcy |

Jilted investors seek to force troubled airline OneJet into bankruptcy


Three jilted Western Pennsylvania-based investors are seeking to force embattled airline OneJet to liquidate all its assets and repay them $4.8 million, court records show.

Attorney Kirk Burkley on Wednesday filed an involuntary petition for Chapter 7 bankruptcy against OneJet in federal court in Pittsburgh on behalf of three clients who loaned the airline carrier money: Vesper Capital LLC of Moon Township; Keith Kronk of Kronk Inc. in Pittsburgh; and James and Debbie Campbell of Fox Chapel.

A OneJet spokesperson could not be reached for comment.

Burkley said his clients are “very concerned” about failed attempts to recoup their money directly from OneJet and what they describe as a failure by the carrier to honor its commitments. The Downtown Pittsburgh-based attorney of Bernstein-Burkley law firm said he expects the list of investors seeking to be repaid debts to grow.

“We believe that within the past year or so, there has been $58 million raised (by OneJet),” Burkley told the Trib on Thursday. “We just want to find out what happened, and where all the assets went.”

OneJet suspended all flight services in late August and has yet to reopen ticket sales as planned on Oct. 1.

It’s unclear when, or if, service will resume.

Vesper Capital says it is owed $4.5 million and Kronk and the Campbells report being owed $150,000 each, court records show. The loans cited in the filing varied in their maturity dates and interest requirements. At least one investor was promised access to company jets in exchange for a loan but not provided the perk, Burkley said.

Pittsburgh International Airport spokesman Bob Kerlik declined to comment on the involuntary bankruptcy filing.

The carrier announced Aug. 29 it was suspending all flights for eight weeks during an “operational transition” but planned to reopen ticket sales Oct. 1. OneJet said it sought to obtain from the U.S. Federal Aviation Administration a “fully owned 135 operating certificate,” which typically covers aircraft that have fewer than 10 seats.

As of Thursday, the announcement was still posted to the carrier’s website , but when customers go to book a flight, the site says no flights are available to any destination.

Separately, the Allegheny County Airport Authority is suing OneJet seeking to reclaim $763,000 . In 2016, the authority granted a $1 million incentive to OneJet in exchange for 10 new routes and for the airline to base its operations in Pittsburgh. At the time, it was the largest incentive the authority had ever given an airline.

The airline launched nine routes but by August was down to only two before it suspended service completely.

Natasha Lindstrom is a Tribune-Review staff writer. You can contact Natasha at 412-380-8514, or via Twitter @NewsNatasha.

TribLIVE commenting policy

You are solely responsible for your comments and by using you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.