In late February, Regal Jets, LLC, a charter plane and private aviation services provider out of Dallas, TX and a subsidiary of Jet Direct Aviation of Burlingame, CA filed for Chapter 11 bankruptcy protection in Delaware court. Jet Direct is controlled by four private equity firms: CD Ventures of Berwyn, PA; Argosy Investment Partners of Wayne, PA; ABS Capital Partners of Baltimore, MD; and Brantley Partners of Beachwood, OH. HSBC and AIG also are invested in Jet Direct.

The company listed its assets as $10-$50 million and its liabilities between $100 million and $500 million. Three firms are owed money from Regal Jets: Fulbright & Jaworski, Jackson Walker and Barber Hightower. How much each is owed was not listed in the Court Records.