Miami-based AeroTech Miami, which has a major repair, maintenance and overhaul facility called iAero Tech at Miami International Airport, and iAero Airways, with an expansive charter airline operation, filed for chapter 11 protection, the South Florida Business Journal reported. The two companies, along with 14 affiliates, filed separate chapter 11 petitions in U.S. Bankruptcy Court in Miami on Sept. 19. Interim CEO Kevin Nystrom signed the petitions. All 16 cases were consolidated to be managed on the same court docket. The chapter 11 petition listed liabilities of between $500 million and $1 billion. Its motion for debtor-in-position financing listed its total secured debt at $859.7 million.
