In March 2010, Sky King filed for Chapter 11 bankruptcy protection. Sky King emerged from this Chapter 11 bankruptcy in June 2011. Following a successful reorganization in June 2010, the airline moved its headquarters from Sacramento, California to Lakeland, Florida. By moving to Lakeland, Sky King was able to reduce its maintenance costs (by eliminating cross-country ferry flights) and focus on expanding the east coast markets it served. In October, 2010, Sky King was purchased by Aviation Capital Partners Group and shifted its focus away from private charters and towards providing scheduled services. At the end of 2010, Sky King had over 270 employees.