Zetta Jet announced that the U.S. Bankruptcy Court for the Central District of California approved the U.S. Trustee’s and its joint request to appoint a chapter 11 trustee, the Aviation Tribune reported on Saturday. The company said that it took this action to ensure a unified direction in the Company’s restructuring efforts amidst continued shareholder disputes. The U.S. Trustee’s Office is expected to appoint the chapter 11 trustee shortly. The company also announced that to facilitate normal business operations, it has received court permission to pay a select group of critical vendors in the ordinary course of business for pre-petition debts owed. Zetta Jet also said that a recent emergency injunction ordered by a Singapore Court to stop the chapter 11 proceedings was null and void given that a Singapore Court has no jurisdiction in U.S. federal bankruptcy court.
