British airline collapses into administration with all jobs lost and flights cancelled

1 sources1 storiesFirst seen 5/20/2026Score26Mixed Progress

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Private jet charter operator Zenith Aviation Limited has collapsed into administration with the loss of all 41 jobs at the business after mounting financial pressures.The London Biggin Hill-based company formally entered administration on May 15, with an administrator now exploring whether the operation can still be rescued or sold to a buyer.Zenith Aviation had operated as a major provider of executive jet hire, aircraft management and engineering services across Britain and Europe before the business fell into insolvency.Paul Hargreaves, from Nexus Corporate Solutions Limited, was appointed administrator by the company's director after the firm encountered worsening financial difficulties.

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TRENDING Stories Videos Your Say Mr Hargreaves said the company had entered administration because of "cashflow issues, debtors not paying, and historic ownership and management issues"."I was appointed administrator of the company on May 15, 2026 by the director, and the company is in an...

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