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Silver State Helicopters Files Chapter 7




(Las Vegas, Nev.) – Silver State Helicopters, a privately-owned company based in Las Vegas, Nevada, filed a petition with the U.S. Bankruptcy Court for relief under Chapter 7 of the bankruptcy code.




The company closed all operations yesterday, February 3, 2008, at 5:33 p.m. PST. This action followed a rapid, unprecedented downturn in the U.S. credit markets, which severely curtailed the availability of student loans for the company’s flight academy students and resulted in a sharp and sudden downturn in new student enrollment.




“The decision to shut down operations was made only after the company explored its other available alternatives,” said Elizabeth Trosper, company spokesperson. “Information for former employees and students will be disseminated as it becomes available.”

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You'll probably get around $3.50 for it all, sad to say.


...all while Jerry enjoys his luxury home in Vegas. This guy is the biggest crook in the aviation industry. I hope to God all of the students enrolled in this program are able to retrieve their funds. Good luck to all involved.

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