SP Justice Declares Itapemirim Group Bankruptcy | Hao Paulo
The Court of Justice of São Paulo determined this Wednesday (21) the chapter of Viação Itapemirim and the group ITA Transportes Aéreos. As a consequence, the works stopped. In authorized restoration since 2016 with money owed of R $ 253 million, the Itapemirim Group is the biggest transportation firm in Brazil.
“Considering this example, the present authorized, monetary and industrial state of affairs of the businesses of the Itapemirim Group, specifically, the mandatory situations earlier than the National Land Transport Agency (ANTT) to have the best to hire and promote legally sooner or later. of those properties, contemplating, in keeping with article 99, level IX of the LREF, the Court, upon declaring the chapter of the Group, will decide the closure of its actions, the sealing of establishments and the gathering of property”, says the choice;
Judge João de Oliveira Rodrigues Filho was approved by Transportadora Turística Suzano Ltda. held the chapter property of Itapemirim to “liquidate the property of the Group” and “shield the pursuits of the group of debtors”. Therefore, Transportadora Suzano will take over the administration of Itapemirim’s bus traces.
“At the identical time, the Bankruptcy House is permitted to enter into an emergency lease settlement for its property beneath the phrases of the submitted utility, for a minimal interval of 12 (twelve) months, so as, to keep up the actions of the traces, in keeping with the artwork. 117 and to observe the LRF, till the subsequent aggressive course of is indicated for the acquisition of the actions of the traces “, he added.
EXM Partners, which is the authorized director of the Itapemirim Group, mentioned in an announcement that “all of the proof will seem within the case file”.
- Canceled flights, late payments and funds: perceive the issue of Itapemirim
The Ministry of Public Works made the request late final 12 months, after the corporate stopped all operations and had no flights on Christmas Eve.
ITA Airlines cancels flights affecting 40,000 passengers
The lawsuit alleges that the bus firm was denied permission by the operators to make the airplane, which has now been suspended.
The firm has survived since 2016 with a debt of R $253 million to collectors, along with R $2.2 billion in taxes. However, the group launched its airline, ITA, in May 2021.
By 2020, the corporate plans to rent 600 professionals, together with pilots, co-pilots, flight technicians and flight attendants.
In the months that adopted, the airline additionally started to face issues: delays in salaries and advantages of staff, money owed with suppliers and cancellation of flights.