Chrono Group
- Proceeding
- CCAALoi sur les arrangements avec les créanciers des compagnies, L.R.C. (1985), c. C-36
- File
- 200-11-029690-248
- Industry
- Transportation & logistics · Aviation
Groupe Chrono obtained CCAA protection from the Superior Court of Québec on October 18, 2024, under file 200-11-029690-248, with Restructuration Deloitte inc. appointed contrôleur. The creditor list reported as of October 23, 2024 shows secured debt across the group's entities: National Bank of Canada is owed $18,653,151 and Investissement Québec $9,769,487 by the debtors collectively, Q-12 Capital, S.E.C. $5,000,000 and LBC Capital $2,433,089 by 9266, BDC $2,162,500 by 9351, and BDC Capital $3,000,000. Unsecured claims run across the CAI, CJET, WAAS, LUX, 9266 and 9351 debtors, led by 9368-2011 Québec inc. at $3,692,227.46, UQSUQ Corporation at $1,788,824.25 and Jean-Claude Dostie at $1,746,754. Claims by three CJET employees, Les Investissements Nolinor Inc. and HSC Médical are listed as disputed and unliquidated at a nominal $1. The proceedings remain active.
Amended and Restated Initial Order ( French original version) — Amended and restated initial order
The officer filed report no. Complément au Deuxième Rapport. The Debtors are working to implement the Transaction and complete its post-closing steps, and require an extension of the stay period to do so free from creditor actions.
Source: Supplement to the Second Report to the Court as Monitor (French original version)
The officer filed report no. Deuxième rapport. The debtors continue to operate their aviation fleet (14 aircraft), airport terminal and aircraft maintenance shop with about 330 employees, while pursuing a proposed 45 M$ transaction with Starlink via a reverse vesting order to restructure the group.
Source: Second Report to the Court as Monitor (French original version)
Motion for the Approval, Reverse Vesting Order and vesting Order of Assets and Distribution (French original version) — Application / notice of application
Opened the CCAA proceeding: the Superior Court of Québec granted an initial order in respect of Chrono Group, under court file no. 200-11-029690-248.
Application for the Issuance of an Initial Order, an Amended and Restated Initial Order and for releated measures (French original version) — Amended and restated initial order
Undated filings1 — no date appears on the document · show
Debtor
Chrono Group
Monitor
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Bouchard | Superior Court of Québec | 3 orders, Oct 2024 – Nov 2024 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorDeloitte | Norton Rose Fulbright Canada LLP | 18 Oct 2024 | Order · 18 Oct 2024 |
| CreditorBanque Nationale du Canada | McCarthy Tétrault LLP | — | Service list |
| CreditorBDC Capital inc | Borden Ladner Gervais LLP | — | Service list |
| Creditorcréancières AvJet Holding Inc., Trans-Sol Aviation Service Inc | Woods LLP | — | Service list |
| Creditordébitrices | B.c.f s.e.n.c.r.l. | — | Service list |
| CreditorDéveloppement de l'Aéroport Saint | Bernard & Brassard s.e.n.c.r.l. | — | Service list |
| CreditorGestion J Rouleau Gagnon | Daigle & Matte, avocats fiscalistes inc. | — | Service list |
| CreditorInvestissements Nolinor inc | Avens | — | Service list |
| CreditorLafontaine Capital inc | Norton Rose Fulbright Canada LLP | — | Service list |
| CreditorLBC Capital inc | Osler, Hoskin & Harcourt LLP | — | Service list |
| CreditorQ-12 Capital, s.e.c | Langlois Avocats | — | Service list |
| CreditorRégie intermunicipale de l'Aéroport de Mont Joli, créancier de Chrono Jet Inc | Tremblay Bois Mignault Lemay s.e.n.c.r.l. | — | Service list |
| Creditorrestructuration Deloitte inc | Norton Rose Fulbright Canada LLP | — | Service list |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | BNC - NBC (National Bank of Canada)debtor: Débitrices · as of 23 Oct 2024 | $18.7M | Creditors List |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
412 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans| Date | Document | File |
|---|---|---|
| Order dismissing applications for leave to appeal (French original version) | PDF · Subscribers | |
| Monitor's Global Certificate (French original version) | PDF · Subscribers | |
| Monitor's Omnibus Certificate (French original version) | PDF · Subscribers | |
Amended and Restated Initial Order ( French original version)
| PDF · Subscribers | |
Order Approving the Distribution ( French original version)
| PDF · Subscribers | |
| Order Approving the Proposed Transaction (French original version) | PDF · Subscribers | |
Supplement to the Second Report to the Court as Monitor (French original version)
| PDF · Subscribers | |
Creditors List
| PDF · Subscribers | |
Notice to creditors
| PDF · Subscribers | |
Second Report to the Court as Monitor (French original version)
| PDF · Subscribers | |
Motion for the Approval, Reverse Vesting Order and vesting Order of Assets and Distribution (French original version)
| PDF · Subscribers | |
Initial Order (French original version)
| PDF · Subscribers | |
| Application for the Issuance of an Initial Order, an Amended and Restated Initial Order and for releated measures (French original version) | PDF · Subscribers | |
| First Report to the Court as Proposed Monitor (French original version) | PDF · Subscribers | |
Service List
| 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., “Chrono Group” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/chrono-group