Jonathan King Approved as Chapter 11 Trustee to Oversee Zetta Jet Restructuring

BURBANK, Calif., Oct. 16, 2017 /PRNewswire/ -- Zetta Jet, a global leader in private international, business and luxury air travel, announced today that Jonathan King has been approved by the Bankruptcy Court to serve as Zetta Jet's Chapter 11 Trustee, overseeing the company's restructuring and business affairs.

King has retained, subject to Bankruptcy Court approval, the global law firm DLA Piper LLP (US) as his counsel, and Seabury Corporate Finance LLC and Seabury Securities LLC as his financial advisor and investment banker.  Seabury is a leading global aviation and aerospace financial advisory and investment banking firm.

"We look forward to working together with Jon and his team throughout the restructuring process," said Zetta Jet President and CEO Michael Maher. "They bring invaluable experience and resources that will help us successfully complete our Chapter 11 debt restructuring. Having an independent and impartial trustee of Jon's caliber protects the interests of all of our stakeholders."

King is a partner and co-chair of DLA Piper's White Collar, Corporate Crime and Investigations Practice.  His primary focus is on white collar crime, and related issues including corporate compliance and internal investigations. He has directed and conducted numerous cross-border investigations.

Prior to joining DLA Piper, he served as an Assistant U. S. Attorney in Chicago and an Assistant State's Attorney in the Cook County State's Attorney's Office. King earned his Bachelor's from the University of Chicago and his J.D. from Northwestern University.

Zetta Jet filed its Chapter 11 bankruptcy petition on September 15, 2017. 

SOURCE Zetta Jet