Proceedings.

Chrono Group

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Proceeding
CCAALoi sur les arrangements avec les créanciers des compagnies, L.R.C. (1985), c. C-36
File
200-11-029690-248
Filings held15
Last activity19 Dec 2024
On the record703 days
Secured debtSubscribers
OverviewSummary updated

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.

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Case updates14 dated entries · 1 undated

11 earlier updates, back to 18 October 2024 subscribers.

Undated filings1 — no date appears on the document · show

1 filings carry no date on their face — subscribers.

Parties

Debtor

Chrono Group

Monitor

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BouchardSuperior Court of Québec2 orders, Oct 2024 – Nov 20241 case on record

Counsel of record

PartyCounselFirst seenSource
MonitorDeloitteChristian Roy Me Jacques-André Simard NORTON ROSE FULBRIGHT s.e.n.c.r.l., S.R.L.18 Oct 2024Order · 18 Oct 2024
CreditorBanque Nationale du CanadaMcCarthy Tétrault LLPService list
CreditorBDC Capital incBorden Ladner Gervais LLPService list
Creditorcréancières AvJet Holding Inc., Trans-Sol Aviation Service IncWoods LLPService list
CreditordébitricesB.c.f s.e.n.c.r.l.Service list
CreditorDéveloppement de l'Aéroport SaintBernard & Brassard s.e.n.c.r.l.Service list
CreditorGestion J Rouleau GagnonDaigle & Matte, avocats fiscalistes inc.Service list
CreditorInvestissements Nolinor incAvensService list
CreditorQ-12 Capital, s.e.cLanglois AvocatsService list
CreditorRégie intermunicipale de l'Aéroport de Mont Joli, créancier de Chrono Jet IncTremblay Bois Mignault Lemay s.e.n.c.r.l.Service list
Creditorrestructuration Deloitte incNorton Rose Fulbright Canada LLPService list
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredBNC - NBC (National Bank of Canada)debtor: Débitrices · as of 23 Oct 2024$18.7MCreditors List
412 more claims across lower-ranking classesSubscribe to view
Documents
15 filings
DateDocumentFile
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)
  • Presiding officer Justice Jacques G. Bouchard
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)
  • Operational summary 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.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Creditors List
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice to creditorsPDF · 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)
  • Applicant Chrono Aviation inc., 9266-4325 Québec inc., Chrono Jet inc., 9351-7399 Québec inc., Services Aériens LUX inc./LUX Air Services inc., Avionique WAAS inc./WAAS Avionics inc.
  • Appointee Restructuration Deloitte inc.
  • Appointee role Contrôleur
  • Commencement date 18 October 2024
  • + 4 more extracted facts
PDF · Subscribers
Initial Order (French original version)
  • Applicant Groupe Chrono
  • Appointee Restructuration Deloitte inc.
  • Appointee role contrôleur
  • Commencement date 18 October 2024
  • + 6 more extracted facts
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
  • Counsel Borden Ladner Gervais s.e.n.c.r.l., s.r.l.
PDF · Subscribers

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CiteProceedings., “Chrono Group” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/chrono-group

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/chrono-group

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.