What Happened
Texas-Based Lessor Seeks Protection Amid Financial Challenges
Texas-based lessor and investment firm 777 Partners has filed for Chapter 11 bankruptcy protection, citing financial challenges. The company, which had backed now-defunct Australian start-up Bonza and existing Canadian low-cost carrier Flair Airlines, faces a complex bankruptcy process with 23 affiliated cases jointly administered. Co-founder Josh Wander is also awaiting trial on charges of conspiracy to commit fraud. The bankruptcy filing was reported by an unknown source.