Proceedings.

Airways Transit Service Limited

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Active
Proceeding
BankruptcyBankruptcy and Insolvency Act
File
35-3342534
Filings held3
Last activity5 Mar 2026
On the record200 days
OverviewSummary updated

Airways Transit Service Limited entered bankruptcy in Ontario on March 5, 2026, under the Bankruptcy and Insolvency Act. On the same date, a claims process was approved, setting the mechanism by which claims against the estate are to be dealt with. That approval is the only step recorded, and the proceeding is active as of the date of this record.

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Case updates3 dated entries
#Claims

Approved a claims process for the estate, dated as of the March 5, 2026 commencement of the bankruptcy.

Source: Creditors Package

Parties

Debtor

Airways Transit Service Limited

Trustee in bankruptcy

MNP

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Canada Revenue Agency (CRA) · in 926 casesDeemed trust in priority over all other creditors for unremitted source deductions — Classified as 'Deemed Trust' creditor class per Statement of Affairs (page 2), not 'Secured' (which the SOA lists as $nil). Figure is approximate per Company records; CRA has not yet confirmed this amount. — debtor: Airways Transit Service Limited$181KPreliminary Report of Trustee
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedPreliminary Report of Trustee · 25 Mar 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecuredno distributionEstimatedper the trusteePreliminary Report of Trustee · 25 Mar 2026

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.

Documents3 filings
DateDocumentFile
Preliminary Report of Trustee
  • Appointee MNP Ltd.
  • Appointee role Licensed Insolvency Trustee
  • Commencement date 5 March 2026
  • Court file no 35-3342534
  • + 6 more extracted facts
PDF · Subscribers
Certificate of Appointment
  • Commencement date 5 March 2026
  • Court file no 35-3342534
PDF · Subscribers
Creditors Package
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., “Airways Transit Service Limited” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/airways-transit-service-ltd

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/airways-transit-service-ltd

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.