Avenger Flight Group Topco, LLC has voluntarily filed for Chapter 11 bankruptcy, signaling a major restructuring effort after selling a majority stake in its Warsaw pilot training center. The filing was submitted Feb. 11 in the U.S. Bankruptcy Court for the District of Delaware, according to court records on PACER.
The proceedings include 20 affiliates, among them Avenger Flight Group, LLC, AFG Dallas, LLC, Avenger Flight Training, LLC, and AFG EU Operations Corp., all of which submitted voluntary Chapter 11 petitions in Delaware.
A Global Training Network Under Pressure
Founded in 2013 in Fort Lauderdale, Florida, Avenger Flight Group operates 12 training centers across six countries. Its Full Flight Simulator (FFS) services cater to ultra low-cost carriers as well as major airlines across the U.S., Mexico, South America, and Europe.
In July 2025, the company sold a 55% stake in its Warsaw pilot training center to Enter Air, which also assumed the simulator financing. The deal was part of Avenger Flight Group’s strategic shift as it navigates debt restructuring and global market challenges.
Previously, in July 2021, the company secured a $155 million senior credit facility from Marathon Asset Management LP, aiding debt repayment and growth capital during pandemic-related disruptions in the aviation sector.
