US-based Dynamic International Airways has filed for bankruptcy even as it assures passengers that normal operations will continue.
A press statement yesterday from Captain Gerry Gouveia, CEO of Dynamic’s local handler, Roraima Airways, states that a voluntary Chapter 11 petition has been filed with the United States Bankruptcy Court in the Middle District of North Carolina, Greensboro Division. Dynamic carries large numbers of passengers to and from New York.
According to the statement, the decision to file follows litigation matters resulting from Hajj flights the airline operated in 2014 for Air India as well as the entry of a judgment in the United States District Court for the Middle District of North Carolina affirming an arbitration award against Dynamic issued by the Canadian Arbitration Association in April 2017.
