LIMITLESS AVIATION IS THE THREE CASES DEFAULTER
Limitless Aviation SM Srl (San Marino) has been officially declared a three-case defaulter the BLACKLIST.AERO Register.
Over the course of 2024–2025, multiple creditors have come forward with substantiated and overdue claims for unpaid aircraft services linked to Limitless operations. As of now, the company has failed to provide any effective resolution or payment schedule. The company no longer appears to be operational, and all known aircraft have been grounded or placed on sale.
Aircraft involved in unpaid services:
• T7-VBS (Bombardier Global Express, SN 9047)
• T7-CLG (Bombardier Global Express, SN 9022)
Both aircraft are currently being offered for sale through Freestream Aviation, despite active claims against them. Our registry has notified all parties involved – including the San Marino Aircraft Registry (SMAR) and the selling broker – about these outstanding debts. However, no action has been taken, and there is concern that the debts may be concealed from prospective buyers.
The CEO of Limitless Aviation SM Srl, Goffredo Gravina, has been repeatedly identified as the primary point of contact in all three published cases. Despite prior communication and commitments to settle the debts, he is currently avoiding all attempts to establish contact and has not provided any clarification regarding the payment status or the aircraft sales. His continued silence raises serious concerns among creditors and stakeholders.
Ownership of both aircraft is registered under CC Air Two Ltd (BVI), a company linked to CC Trust Group (Switzerland), ultimately controlled by Swiss businessman Claudio Cisullo, who has not responded to repeated outreach.
Despite these links, representatives of CC Trust have attempted to deny any responsibility, claiming Limitless Aviation bears sole liability. Yet the aircraft flew under Limitless AOC with visible CC branding, creating a shared reputational and commercial footprint.
BLACKLIST.AERO is closely monitoring this situation. We urge all market participants – buyers, brokers, and regulators – to exercise extreme caution and to verify any aircraft transaction against published debt records.
Creditors of SmartLynx Unite Under the Auspices of BLACKLIST.AERO
A criminal investigation has been opened into suspected fraud involving the management of SIA Smartlynx Airlines and the alleged fictitious sale of the airline to a new owner. BLACKLIST.AERO learned this information from a source familiar with the investigation. The case was initiated after a complaint was filed with the police by one of the creditors. It is also possible that additional complaints have been submitted by other defrauded counterparties of Smartlynx.
Over the past week, investment analysts from companies holding Avia Solutions Group (ASG) bonds have contacted me twice, asking for a more detailed explanation of the SmartLynx bankruptcy. Their biggest concern is that the same situation could repeat with other companies within the ASG holding.
The covert bankruptcy—legally framed as a “restructuring”—of SIA SmartLynx Airlines (Latvia), along with the highly probable collapse of SmartLynx Malta and SmartLynx Estonia in the near future, has become more than just a landmark event for the aviation market. Its consequences may amount to a full-fledged default tsunami, triggering a cascade of multimillion-euro non-payments across the industry.
