Question: What happened to the airline charter based in Coral Gables, Florida?

Context paragraphs:
Xtra Airways: Xtra Airways is a charter airline based in Coral Gables, Florida.  The airline is certified by the United States FAA to conduct domestic, international, and cargo operations, and by the Chile DGAC to conduct domestic operations using Boeing 737 aircraft.

Coral Gables House: The Coral Gables Merrick House (also known as the Merrick House or Merrick Manor) is a historic house located at 907 Coral Way in Coral Gables, Florida.

Coral Gables, Florida: Coral Gables ( ), officially the City of Coral Gables, is a city in Miami-Dade County, Florida, United States, located southwest of Downtown Miami.  The United States Census Bureau estimates conducted in 2013 yielded the city had a population of 49,631.  Coral Gables is home to the University of Miami.

Coral Gables Branch Library: The Coral Gables Branch Library is a branch of the Miami-Dade Public Library system, located at 3443 Segovia Street in Coral Gables, Florida.  It was established by the Coral Gables Woman's Club in 1927.

The Coral Gables Gazette: Coral Gables Gazette was an online newspaper based in Coral Gables, Florida covering Coral Gables, South Miami, Coconut Grove, Pinecrest and Brickell.  The newspaper was owned by Limestone Communications, Inc.  It was a physical paper from its founding until 2009.

Direct Air: Southern Sky Air Tours, d/b/a Direct Air was an airline business based in Myrtle Beach, South Carolina, USA Direct Air started in 2007 and leased aircraft with charter airlines.  Its main base was Myrtle Beach International Airport.  Direct Air's flights were operated by Sky King, Inc., Xtra Airways, World Atlantic Airlines, and USA Jet.  In March 2012 Direct Air ceased operations, stranding many of its passengers.  The airline planned to resume operations on May 15, 2012, although this was contested by the U.S. Department of Transportation.  The charter carrier was subject to Chapter 7 liquidation on April 12, 2012.

Miracle Mile (Coral Gables): Miracle Mile is a 0.503 mi section of Coral Way between LeJeune Road (SW 42nd Avenue) and Douglas Road (SW 37th Avenue) in the city of Coral Gables, Florida, United States.  It is the main east-west road through the city's downtown central business district, consisting of many shops, financial institutions, restaurants and arts institution.  The LeJeune Road end of Miracle Mile is anchored by the Coral Gables City Hall.

Coral Gables Preparatory Academy: Coral Gables Preparatory Academy, formerly Coral Gables Elementary School, is a public K-8 school in Coral Gables, Florida.  A part of the Miami-Dade County Public Schools, it has its elementary school classes in the Lower Academy, in the former Coral Gables Elementary building, while the middle school classes are in the Upper Academy at the Merrick Educational Center.  The school was given its current name in 2010.

Coral Gables Police and Fire Station: The Coral Gables Police and Fire Station (also known as the City of Coral Gables Public Safety Building) is a historic site in Coral Gables, Florida.  Completed in 1939 as a Works Progress Administration project, it was designed by Phineas Paist.  In 2003, steps are taken to preserve the building and its legacy and by 2011, it is reopened to the public as the Coral Gables Museum.

Arva Moore Parks McCabe: Arva Moore Parks McCabe (born 1939) is a historian, author and preservationist in Miami, Florida.  A University of Florida Alumnus (1960), she was inducted into the Florida Women's Hall of Fame (1986) and was honored in Coral Gables Citizen of the Year.  She has worked to preserve Harry Truman’s Little White House and the Biltmore Hotel.  She wrote "Miami, The Magic City" and "George Merrick’s Coral Gables".  She runs the Coral Gables Museum and has served as president of HistoryMiami, chaired Coral Gables' Historic Preservation Board, and the Florida Humanities Council.  She produced films on Miami and Coconut Grove (she won an Emmy from the Florida Academy of Television Arts and Sciences) and chaired the Florida Endowment for the Humanities in 1982-83.

Supporting paragraphs: Direct Air Xtra Airways
Answer: subject to Chapter 7 liquidation