During the Chapter 11 case, Dynamic Intl. intends to continue its normal operations and has arranged for a credit facility to facilitate both its operations while in Chapter 11 and also its ability to reorganize.
HIGH POINT, N.C. – US based air carrier, Dynamic International Airways has filed a voluntary Chapter 11 petition with the United States Bankruptcy Court in the Middle District of North Carolina, Greensboro Division.
The airline's decision to file follows upon litigation matters resulting from Hajj flights the airline operated in 2014 for Air India. It also follows the entry of a judgement in the United States District Court for the Middle District of North Carolina affirming an arbitration award against Dynamic Intl. issued by the Canadian Arbitration Association in April 2017, which determined that Dynamic intl. was in breach of contract by failing to pay commissions to BKP Enterprises in connection with the Hajj flights. While Debtor has filed a notice of appeal and intends to challenge the judgment and award, Dynamic Intl. has no immediate recourse to stay the judgment and has determined the commencement of the Chapter 11 case is necessary.
Dynamic Intl. provides charter and contract commercial passenger air travel services to the general public and is a licensed and certificated air carrier authorized by the U.S. Department of Transportation and the U.S. Federal Aviation Administration. Dynamic Intl. fleet of aircraft includes six Boeing 767s which operate international flights between United States cities and territories and foreign countries.
During the Chapter 11 case, Dynamic Intl. intends to continue its normal operations and has arranged for a credit facility to facilitate both its operations while in Chapter 11 and also its ability to reorganize.
"Operating under the protection of the US Bankruptcy Court will enable us to continue to serve our customers, keep our team employed and work with our vendors while we navigate through the challenges presented. Once we have completed the reorganization process, we expect Dynamic Intl. to emerge as a stronger company with a sound financial structure that is appropriate not only for today's level of business activity, but also for the future," stated Paul Kraus, CEO.
While Dynamic Intl. experienced the expected growing pains of a new airline, it has focused on continuously improving and expanding its operations. This week Dynamic International Airways will begin carrying Chinese passengers from Nanchang, in China's Jiangxi province to Ontario, California, USA; the first ever flights from China to land at Ontario International Airport since commercial service began there in 1949.
Dynamic International Airways announces new air service coming to Ontario International Airport
For seven weeks, Dynamic International Airways, will operate roundtrip charter flights between Ontario and Nanchang, China. This new air service will run between Ontario International Airport (ONT) and Nanchang Changbei International Airport (KHN) with an intermediate stop in Anchorage, Alaska (ANC).
Nanchang is the capital city of Jiangxi province, which is located in southeastern China. As noted on the airport's website in June, Alan D. Wapner, President of the Ontario International Airport Authority, said that he welcomed Dynamic International Airways and commended the carrier for creating an important link between Ontario and one of China's thriving economic, political and cultural centers.
"The demand for air service between the Los Angeles area and China grows seemingly by the day and we are heartened by Dynamic International Airways' move to Ontario. We will welcome visitors from Nanchang with open arms," Wapner said. "The summer charter flights will serve as a great audition for Ontario as we continue to demonstrate the high value our airport provides for international as well as domestic service," Wapner added.
Dynamic International Airways' operated service to and from Nanchang out of Los Angeles International Airport.
"Dynamic International Airways is dedicated to providing our passengers comfortable, low-cost, long-haul travel with the highest standards for customer service," said Chief Executive Officer Paul Kraus. "We are confident ONT will add nicely to the enjoyable customer experience we strive to deliver with each and every flight."
According to Ontario International Airport, the twice-weekly roundtrips will depart KHN Saturday and Tuesday with a stop-over in Anchorage, AK, (ANC) where passengers and crew will be processed by U.S. Customs and Border Protection officers and the aircraft will be re-fueled. After passengers re-board, the aircraft will continue to ONT arriving at 9:05 p.m. (PDT).
Return service departing ONT Sunday and Wednesday at 7:35 a.m. (PDT) will likewise pass through Anchorage for refueling.
Dynamic International Airways will operate Boeing 767-300ER aircraft configured to accommodate 235 passengers with 21 lie-flat business class seats and 214 economy class seats.
Dynamic International Airways' service between Ontario and Nanchang is scheduled through August 30.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
