Regent Aircraft Services Inc.
- Proceeding
- Receivership (court-appointed)section 47(1) of the Bankruptcy and Insolvency Act and s. 13(2) of the Judicature Act
- File
- 2501-18254
- Industry
- Transportation & logistics · Aviation
Regent Aircraft Services Inc. has been in court-appointed receivership since November 14, 2025, when the Court of King's Bench of Alberta, sitting in Bankruptcy and Insolvency, pronounced an interim receivership order in the proceeding. The matter carries court file number 2501-18254 and is brought under section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority. The proceeding remains active. The receivership order is the only step on the record to date.
Receivers Intention for Assignment of Bankruptcy, Dated March 30, 2026 — Stakeholder communication
The court appointed BDO Canada Limited as receiver and manager, on the application of ATB Financial. Court file 2501-18254.
[Unfiled] Application of ATB Financial, dated February 27, 2026 — Application / notice of application
The officer filed report no. Second Report of the Interim Receiver. The report focuses on the Interim Receiver's difficulties obtaining cooperation and records from Mr. Gratto, and does not describe any ongoing business operations of Regent; the Company appears to no longer be operating, with the Interim Receiver seeking to locate and preserve remaining assets (including vehicles and boats) and pursue outstanding accounts receivable.
The court appointed BDO Canada Limited as Interim Receiver, on the application of ATB Financial. Court file 2501-18254.
Source: IR Order, November 14, 2025
Filing brief
Regent Aircraft: a sale to Sunshine, and a fuselage BDO reads as security
BDO asks the court on October 14 to approve a sale of most of the Calgary aircraft repairer's assets to Sunshine Airspares, at a price it asks to seal. Its report reads a C$100,000 bill of sale for a Twin Otter fuselage as security, and records about $30,000 collected on $2.36 million of reported receivables.
Debtor
Regent Aircraft Services Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Simard | Court of King's Bench of Alberta | 7 orders, Dec 2025 – Feb 2026 | 35 cases on record |
Counsel of record
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (employee source deductions - deemed trust) · in 985 casesStatutory deemed trust / super-priority claim for employee source deductions, based on CRA audits — Deemed trust class; CRA advances a total claim of $507,898. Unremitted GST priority claim (estimated $210,643) has been reversed as a result of Regent's bankruptcy. Receiver anticipates no distribution to CRA's deemed trust claim. — debtor: Regent Aircraft Services Inc. | $364K | First Report of the Receiver, dated October 7, 2026 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured |
10 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansAs at ·
Cumulative receipts
$190K
As at 31 Dec 2025Third Report of the IR, dated January 23, 2026
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Application of the Receiver, October 7, 2026
| PDF · Subscribers | |
First Report of the Receiver, dated October 7, 2026
| PDF · Subscribers | |
| Receivers Intention for Assignment of Bankruptcy, Dated March 30, 2026 | PDF · Subscribers | |
Service List re Regent Aircraft Services Receivership, dated March 30, 2026
| PDF · Subscribers | |
Receivership Order, dated February 27, 2026
| PDF · Subscribers | |
| [Unfiled] Application of ATB Financial, dated February 27, 2026 | PDF · Subscribers | |
| [Unfiled] Affidavit of Bhaskar Kakkar, sworn February 25, 2026 | PDF · Subscribers | |
Order re Adjournment of BLKBOX and Hades Application, February 17, 2026
| PDF · Subscribers | |
IR Extension Order, January 27, 2026
| PDF · Subscribers | |
Supplement to the Third Report of the IR, dated January 26, 2026
| PDF · Subscribers | |
Application of Barry Hades, January 23, 2026
| PDF · Subscribers | |
Third Report of the IR, dated January 23, 2026
| PDF · Subscribers | |
| Affidavit of Barry Hades, sworn January 22, 2026 | PDF · Subscribers | |
Compliance Order, January 8, 2026
| PDF · Subscribers | |
Sealing Order, January 8, 2026
| PDF · Subscribers | |
Substitutional Service Order, January 8, 2026
| PDF · Subscribers | |
| Application of Interim Receiver, December 29, 2025 | PDF · Subscribers | |
Second Report of the IR, dated December 29, 2025
| PDF · Subscribers | |
IR Extension Order, December 10, 2025
| PDF · Subscribers | |
| Application of ATB Financial, December 5, 2025; | PDF · Subscribers | |
First Report of the IR, dated December 4, 2025
| PDF · Subscribers | |
| Affidavit of Bhaskar Bakkar, sworn December 3, 2025 | PDF · Subscribers | |
IR Order, November 14, 2025
| PDF · Subscribers | |
Affidavit of Bhaskar Kakkar, sworn November 13, 2025;
| PDF · Subscribers | |
Application of ATB Financial, November 13, 2025;
| 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., “Regent Aircraft Services Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/regent-aircraft-services-inc