Citywing had taken more than £1 million in advance tickets sales before it folded.
Figures show it owes passengers £1,136,386.67 - something which was revealed at a meeting of creditors last week.
A breakdown of the company's accounts shows it owed a number of airports money including £38,000 to Ronaldsway, £11,000 to Gloucester, £13,000 to Cardiff and £15,000 to Blackpool.
Among its outstanding debts to businesses are £61,000 to Rendezvous Handling Services and £104,000 to the Fuel Trading co.
Speaking after the airline collapsed the Chief Minister Howard Quayle said he believed government had done all it could to help:
Popular Douglas cafe up for sale
Company reveals hopes for Swiss Chalet
Premium estate agent launches new license on Island
Signs approved for estate agent's new office
Number of aircraft registered here declining since 2022
Post Office profits up by over a million pounds
Information Commissioner partners with Jersey
New parental leave laws approved