- 777 Partners filed Chapter 11 bankruptcy on 9 August 2026 in Texas
- 23 affiliated cases are jointly administered under case number 26-90190
- The company backed failed Australian start-up Bonza and Canadian carrier Flair Airlines
- Initial bankruptcy hearings are scheduled for 8 September and 13 October 2026
- Co-founder Josh Wander faces fraud conspiracy trial over an alleged USD500 million scheme
Texas-based lessor and investment firm 777 Partners has filed for Chapter 11 bankruptcy protection, almost two weeks after creditors sought to liquidate the company. A voluntary petition for bankruptcy protection was filed on 9 August 2026 by affiliated debtor Signal National LLC in the US Bankruptcy Court for the Northern District of Texas. On 10 August, the court filed an order for the joint administration of 23 affiliated cases under case number 26-90190.
The affiliated companies include 777 Asset Management LLC and 777 Partners LLC, which had backed now-defunct Australian start-up Bonza and existing Canadian low-cost carrier Flair Airlines. The bankruptcy court designated the proceedings as complex Chapter 11 cases and scheduled initial omnibus hearings for 8 September and 13 October 2026. 777 Partners had been placed under a limited receivership on 18 August 2025.
Three investment funds filed an involuntary Chapter 7 bankruptcy petition against 777 Partners on 16 July 2026, days after securing an amended judgment for USD26 million against the Miami-based firm in the US Bankruptcy Court for the Southern District of Florida. Co-founder Josh Wander awaits trial in the Southern District Court of New York on charges of conspiracy to commit fraud over an alleged scheme that defrauded lenders and investors of nearly USD500 million. Prosecutors allege Wander and others misrepresented 777 Partners’ financial condition and collateral from 2021 to 2024.
777 Partners has an arrangement with AIP Capital, a global aviation asset management firm which operates a key international office in Dublin. The co-founders and principal leaders of the investment firm 777 Partners—which functioned as a financier and aircraft lessor for budget airlines were Josh Wander and Steven Pasko. Control of the company and its remaining assets was turned over to turnaround specialists Ian Ratner and Ronald Glass from the firm B. Riley Financial.
