Arbitrator approves $6 million JetSmarter Class Arbitration Settlement; Court date to confirm settlement scheduled

A dozen lawsuits brought by unhappy members have recently been referred to arbitration in separate actions

Ellen Leesfield, the arbitrator overseeing the class action settlement between JetSmarter and its members, approved the agreement on July 11, 2019. The next step will take place on Aug. 22 when a judge in Miami-Dade County will need to decide whether or not to confirm the arbitrator’s decision.

In her ruling, Leesfield, a former judge, overruled several objections writing, “Plaintiffs and the class faced a multitude of serious, substantive defenses, any one of which could have precluded or drastically reduced prospects of recovery.” She also noted JetSmarter has “consistently denied liability and indicated an intention to vigorously pursue its potential defenses.”

JetSmarter

As of June 27, settlement administrators received 1,567 claim forms and 101 requests for exclusion. Previous reports had indicated close to 12,000 current or former members of the jet sharing service could be eligible.

Cash payments are expected to range between $250 and $21,000 with nearly $3 million to be split between the class and a similar amount going to the lawyers who represented the plaintiffs.

Delta Private Jets gets a new boss

Longtime CFO Rex Bevis has been named President

The executive shuttle between Atlanta and Erlanger, Kentucky was busy again recently. Longtime Delta Private Jets CFO and executive vice president is now president replacing Jeff Mihalic who had been president and CEO.

Nicholas Air adds the Challenger 300 to its jet card program

Nicholas Air

The privately-owned operator offers several jet card options across its fleet

Mississippi-based Nicholas Air is adding range to its jet card fleet with at least one Bombardier Challenger 300. The company already operates the Citation Latitude, Phenom 300, Citation CJ3, Phenom 100 and Pilatus PC-12.

The move adds about 500 miles to the nonstop range of the Nicholas Air fleet. According to Conklin & de Decker, The Challenger 300 has a range of 3,527 miles at capacity and 3,843 miles with four passengers. Nex up is the Latitude’s range of 2,825 and 3,302 miles, respectively.

Former Dumont, ProspAir execs launch new jet card brokerage

Alliance Aviation is the new jet card venture for Christopher Tasca and Amber Martin

After leaving Dumont Aviation Group last month following the exit of its CEO Kevin Wargo, Christopher Tasca and Amber Martin have re-emerged as co-founders and directors of Alliance Aviation, a new jet card, on-demand charter, and aircraft sales brokerage.

Buying a jet card? Remember, there are options for cabin size or picking a specific aircraft type

Will any light jet do, or would it be better to have a specific type such as the Embraer Phenom 300?

While there are many variables that separate the over 300 jet cards in the Private Jet Card Comparisons database – over 65 in fact, one difference means a lot to some people and nothing to others.

However, for both types of buyers, choosing the wrong type of program can make for a less than enjoyable experience despite the provider’s overall merits. Figuring it out before you sign can both save you money and make sure the program fits your mission needs.

There are essentially two ways that available aircraft are structured for fixed-rate (and usually guaranteed availability) programs by jet card providers.

One is by cabin-class or size. When buying into a cabin class you are assured of getting an aircraft in that class or larger if you are lucky enough be upgraded based on operational needs.

The other is by specific aircraft make or type, for example, you are buying into an Embraer Phenom 300. So while the provider may let you fly in other types, you know when you want a Phenom 300, you’re going to get a Phenom 300 and not some other type of light jet.

LINKEDIN
%d bloggers like this: