The jet sharing broker remains the subject of individual lawsuits, however, up to 12,000 members may be eligible for cash and credits under a proposed Class Arbitration settlement
We take an in-depth look at the value of the proposed settlement
Anyone who was a member of JetSmarter from September 5, 2014 until June 19, 2018 should be receiving a Notice of Settlement (Arbitration Matter No. 01-18-0003-3338) as part of a Class Action filed via arbitration last September. It’s estimated as many as 12,000 former and current members of the private jet plane sharing membership program could be eligible.
The proposed settlement offers members of the Class a net distribution of $2,975,000 plus potentially tens of millions of dollars in free membership extensions and flight credits.
The action was filed by Solowsky & Allen, P.L., a Miami law firm, which also apparently negotiated the settlement with JetSmarter. Requests for comment were not returned from either Solowsky & Allen or a second law firm listed on the settlement notice.
The jet card and charter operator continues its expansion of luxury partners with its first addition since being acquired by Vista Global
XOJET, which operates a fleet of super midsize private jets
and has a $100 million dollar charter brokerage, including off-fleet midsize
and light jet card memberships, has added The Resort at Paws Up. The move
continues its focus on adding value for Preferred Access and Elite Access jet
card members via luxury and lifestyle partnerships.
Through the end of April, the former Skyjet Explorer pay-as-you-go
fixed rate jet card is being discounted to $5,000
Directional Aviation’s OneSky, which owns Flexjet and Sentient Jet, said it has merged its Skyjet brand into PrivateFly, which it had acquired last September. Skyjet was acquired by Directional in 2014 as part of Bombardier’s divestiture of its fractional share arm Flexjet. The Skyjet team is being merged into PrivateFly under Adam Twidell, the co-founder and CEO of PrivateFly.
Over 3,000 private jet landings and takeoffs are expected during the Masters week
Flexjet, one of the largest fleet operators in the world, which sells fractional shares, leases, custom programs and jet cards has announced its planned hospitality and promotions during The Masters week at Augusta Regional Airport.
Despite limited growth, private air travel, particularly charter, is facing a slowdown, according to WingX
There were 66,736 business aviation departures in Europe
last month, a strong increase over February, but just 0.7% growth compared to
same month results for 2018, according to WingX an aviation consulting and data
company. The analyst said results were driven by a large increase in piston
traffic offsetting declines in business jet and turboprop. First quarter 2019
total activity was up 0.6% compared to 2018.