Lowenstein Represents Vantage Aviation as DIP Lender and Plan Sponsor in Reorganization of Corporate Air, LLC

Lowenstein Sandler represented Vantage AGC, LLC, as DIP lender and plan sponsor in the reorganization of fixed based operator Corporate Air, LLC, which operates out of Allegheny County Airport.

On September 29, 2025, Corporate Air and six debtor affiliates each filed a voluntary petition for relief under Chapter 11 in the U.S. Bankruptcy Court for the Western District of Pennsylvania. Lowenstein advised Vantage, a rapidly growing name in the general aviation industry, in providing emergency bridge financing and a DIP financing facility of $4.5 million, and in negotiating a comprehensive Restructuring Support Agreement and Chapter 11 plan.

The Bankruptcy Court confirmed the debtors' plan of reorganization in less than 80 days. Under the confirmed plan, Vantage's DIP facility was converted into equity in the reorganized Corporate Air, in which Vantage acquired substantially all of the debtors' assets-including their FAA Part 135 and 141 Certificates and leasehold interests at Allegheny County Airport.

The move marks a significant expansion for Vantage as it strengthens its presence in the Upper Midwest and broadens its capabilities in the FBO space. The acquisition also represents a comprehensive commitment to the regional aviation ecosystem, including maintaining continuity and introducing new investment and operational scale.

The Lowenstein team included Steven E. Siesser, Jeffrey Cohen, Gianfranco Finizio, Lowell A. Citron, Brendan J. Koeth, Geena M. Caporale, and Jake A. Rauchberg.