secwatch.observer — SEC 8-K summary
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Issuer:     Premier Air Charter Holdings Inc. (PREM)
CIK:        0001570937
Form:       8-K
Filed at:   2026-10-13T21:25:48+00:00
Accession:  0001683168-26-007816
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.02, 2.04, 2.05, 8.01, 5.02
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570937/000168316826007816/0001683168-26-007816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570937/000168316826007816/prem_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-007816

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