---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-007816"
form_type: "8-K"
ticker: "PREM"
cik: "0001570937"
company_name: "Premier Air Charter Holdings Inc."
filed_at: "2026-10-13T21:25:48+00:00"
generated_at: "2026-10-13T21:28:07.483024+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Premier Air Charter loses both CJ3 jets as lessors terminate leases; ~$514.6K claimed due; chairman exits

## Summary
- Lessors AB Jet Co I and AB Jet Co VI terminated the CJ3 leases Oct 1, 2026 and repossessed both aircraft after Premier failed to cure Sept 23 default notices.
- Lessors claim ~$514,557 due: ~$249,416 under the N795KF lease and ~$265,141 under the N973CG lease, including accelerated principal and accrued interest.
- Lessors also assert ~$266,842 owed to Williams International and Textron Aviation for engine and parts programs; Premier disputes part of that amount.
- Reduction in force: 5 of Premier's 10 Citation CJ pilots separated, cutting headcount from 42 to 37 (~12%); no material charges or asset impairments expected.
- Vincent Monteparte resigned as Chairman and director Oct 6, 2026 with no severance; Kyle McCollum, 43, ex-CFO of Dalrada Financial (OTC: DFCO), was named Chairman Oct 8.

## SEC filing metadata
- accession: 0001683168-26-007816
- form_type: 8-K
- ticker: PREM
- cik: 0001570937
- company_name: Premier Air Charter Holdings Inc.
- filed_at: 2026-10-13T21:25:48+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.02, 2.04, 2.05, 8.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1570937/000168316826007816/0001683168-26-007816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1570937/000168316826007816/prem_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-007816
- JSON: https://secwatch.observer/filing/0001683168-26-007816.json
- Plain text: https://secwatch.observer/filing/0001683168-26-007816.txt

## Key facts
- Executive change
  Kyle McCollum was appointed as Chairman of the Board and director at Premier Air Charter Holdings Inc..
  - Action: appointed
  - Role: Chairman of the Board and director
  source text: On October 8, 2026, the Board appointed Kyle McCollum as a director of the Company to fill the vacancy on the Board created by Mr. Monteparte’s resignation, and elected Mr. McCollum as Chairman of the Board, in each case effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1570937/000168316826007816/0001683168-26-007816-index.htm
- Executive change
  Vincent Monteparte resigned as Chairman of the Board of Directors at Premier Air Charter Holdings Inc..
  - Action: resigned
  - Role: Chairman of the Board of Directors
  source text: On October 6, 2026, Vincent Monteparte notified the Company of his resignation as Chairman of the Board of Directors of the Company (the “Board”), effective immediately. Mr. Monteparte also resigned as a member of the Board, and from all other positions he held with the Company and its subsidiaries, effective as of the same date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1570937/000168316826007816/0001683168-26-007816-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.