GAI Air, LLC and its affiliates, owned by Chennault Aviation Academy founder Aaron Wang, have filed for Chapter 11 bankruptcy protection in the Southern District of Texas following a court judgment in a three-year business dispute. Wang filed for bankruptcy on Oct. 24. His attorney, Field Hudgens of the Hudgens Law Firm in Houston, said the school, which is not part of the filing, continues to operate without interruption.
“Mr. Wang is doing a good job with his business model. He still has his students, he still has his teachers and everything seems to be going good,” Hudgens told the Houston Chronicle.
He added that Kachina Air, one of Wang’s companies under GAI Air, retains its FAA certificate and remains active through the reorganization process.
According to TheStreet, Kachina Air,

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