Premier Air Charter lessors accelerate CJ3 lease obligations to about $514,557 after default trigger
Bitget2026/10/13 21:26- Premier Air Charter Holdings reported that amendments dated June 5, 2026 to its CJ3 aircraft leases allow the lessors to accelerate payment if the company fails to cure an amendment or repayment default within five business days.
- The lessors claim about $514,557 is due and payable under the leases, including accelerated principal, accrued interest, and unpaid rent.
- The total includes about $249,416 tied to the N795KF lease, plus about $265,141 tied to the N973CG lease.
- The amounts exclude about $266,842 the lessors say is owed to Williams International and Textron Aviation under engine and parts programs, which Premier disputes in part.
- The CJ3 lease obligations are not guaranteed by the company and are not cross-defaulted to its other aircraft leases or indebtedness.
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