Air Georgian Limited
Follow- Proceeding
- NOIBIA s. 50.4
- File
- 32-2613323
Air Georgian Limited is subject to a Notice of Intention to make a proposal under BIA s. 50.4, with the matter currently active. A Statement of Affairs sworn June 5, 2020, and stated as at June 2, 2020, reported total assets of $2,674,147.00 against total liabilities of $41,541,112.83, leaving a deficiency of $38,866,965.83. The filing recorded no secured creditors, with List "B" showing nil balances. Unsecured claims listed include Avmax Holdings Inc. at $12,042,294.43, Georgian Aircraft Corp at $9,012,784.45, Air Canada Capital Ltd. at $2,278,631.98, the Receiver General for Canada at $1,669,835.87, and numerous trade, aviation-services, and airport-authority creditors across Canada and the United States.
A claims procedure has been established — see the order for deadlines.
Trustee's Report to the First Meeting of Creditors on Preliminary Administration — Court officer report
22 earlier updates, back to 2 June 2020 — subscribers.
Debtor
Air Georgian Limited
Proposal trustee
KPMG
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Hainey | Ontario Superior Court of Justice | 2 orders, Feb 2020 – Apr 2020 | 196 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorAir Georgian Limited | Goldman Sloan Nash & Haber LLP | 26 Feb 2020 | Order · 26 Feb 2020 |
| CreditorJennifer Stam (LSO #46735J) | Goldman Sloan Nash & Haber LLP | 26 Feb 2020 | Factum · 26 Feb 2020 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Avmax Holdings Inc.debtor: Air Georgian Limited · as of 2 Jun 2020 | $12M | Notice to Creditors 2020-06-08. |
Sale closed — Transaction closed May 29, 2020Trustee's Report to the First Meeting of Creditors on Preliminary… · 19 Jun 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 2746904 Ontario Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement · asset sale · agreement 9 Mar 2020 | Subscribers | Closed29 May 2020 | Trustee's Report to the First Meeting of… |
Unsecured creditors: no distribution.EstimatedMinutes of First Meeting of Creditors · 19 Jun 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Minutes of First Meeting of Creditors · 19 Jun 2020 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Minutes of First Meeting of Creditors
| PDF · Subscribers | |
Trustee's Report to the First Meeting of Creditors on Preliminary Administration
| PDF · Subscribers | |
| Air Georgian Limited - Proof of Claim Form 2020-06-08 | PDF · Subscribers | |
Notice to Creditors 2020-06-08.
| PDF · Subscribers | |
Proposal Trustee Certificate 2020-06-03
| PDF · Subscribers | |
| Certificate of Assignment dated June 2, 2020 | PDF · Subscribers | |
| Endorsement of Justice Hainey dated April 17, 2020 | PDF · Subscribers | |
Motion Record returnable April 17, 2020 2020-04-15
| PDF · Subscribers | |
Order dated April 17, 2020 (Extension of Time and DIP Increase)
| PDF · Subscribers | |
Third Report of the Proposal Trustee dated April 14, 2020
| PDF · Subscribers | |
Approval and Vesting Order dated March 16, 2020
| PDF · Subscribers | |
| Brief of Authorities of Air Georgian Limited (Motion returnable March 16, 2020) 2020-03-13 | PDF · Subscribers | |
| Endorsement dated March 16, 2020 | PDF · Subscribers | |
Factum of Air Georgian Limited (Motion returnable March 16, 2020) 2020-03-13
| PDF · Subscribers | |
Motion Record Returnable March 16, 2020 (Sale Approval Motion) 2020-03-12
| PDF · Subscribers | |
Order dated March 16, 2020 (Ancillary Relief).
| PDF · Subscribers | |
Second Report of the Proposal Trustee dated March 12, 2020
| PDF · Subscribers | |
| Endorsement of Justice Hainey dated February 26, 2020 | PDF · Subscribers | |
Factum of Air Georgian Limited (Motion returnable February 26, 2020)
| PDF · Subscribers | |
Motion Record Returnable February 26, 2020
| PDF · Subscribers | |
Order dated February 26, 2020
| PDF · Subscribers | |
| First Report of the Proposal Trustee dated February 23, 2020 | PDF · Subscribers | |
| Creditor package | PDF · Subscribers | |
| Creditor package (Amended) | PDF · Subscribers | |
| Certificate of Filing of a Notice of Intention to make a Proposal | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Air Georgian Limited” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/air-georgian-limited