Early JetSuite investor Tony Hsieh, the former Zappos CEO, died in Connecticut on Friday after a house fire
Tony Hsieh, who died on Friday from complications after being rescued from a fire in a home he was staying at in Connecticut, is best known for Zappos, the company he sold to Amazon for $1.2 billion. His net worth, according to Forbes, was $840 million. He was also an early investor in JetSuite and served on its board until 2019.
In a first reveal from the bankruptcy court, the private jet charter operator’s Chief Restructuring Officer said JetSuite “was never able to operate profitably.”
Here’s why JetSuite didn’t qualify for the CARES Act
Documents confirm $50 million in unused SuiteKey jet card flight credits
A sworn declaration by JetSuite’s chief restructuring officer, Edward T. Gavin of Gavin/Solmonese, gives a unique view into the Part 135 charter operator leading up to grounding its fleet and subsequent Chapter 11 bankruptcy filing earlier this week.
The document, filed prior to a video hearing yesterday, confirmed $50 million in unused SuiteKey jet card balances, the amount estimated by Private Jet Card Comparisons in our earlier report.
As the airlines cancel thousands of flights and suspend key routes, private aviation companies are sharing tales from the front lines
Repatriation flights by private aviation companies are bringing stranded travelers home
With airline schedules and operations in disarray, private aviation providers are filling the gap, getting repatriating citizens home safely.
Earlier today, Austria-based GlobeAir said it had repatriated 26 passengers. The travelers were mostly departing from France, Switzerland, and Spain trying to reach Switzerland, Germany, and the United Kingdom. The company uses Cessna Citation Mustangs that seat up to four passengers.
The honors from Fast Company follows a series of awards for the multi-faceted private aviation provider
Another month, another award for JetSuite and JSX. In February it was president Stephanie Chung named to the Ebony Magazine 2020 Power 100 List.
In January, the company received a perfect score in the annual Corporate Quality Index. The CEI benchmarking survey and report measure corporate policies and practices related to LGBTQ workplace equality.
Now JSX has been tabbed by Fast Company as one of the world’s “Most Innovative Companies for 2020.”