Tag: bankruptcy

Chapman Freeborn parent 'strong' after Ascend Airways shutdown

Parent Avia Solutions Group's bond ratings are 'one notch above those of several large global carriers, including American Airlines'.

May 7, 2026

Charter operator Tailwind Air files for bankruptcy protection

After stopping by-the-seat flights using seaplanes in between Boston, New York and Washington DC, Tailwind Air had pivoted to ad hoc charter.

January 19, 2026

Jet It files for Chapter 7 bankruptcy over two years after shuttering

Jet It's bankruptcy filing shows the grounded HondaJet fractional operator has $36.2 million in liabilities and only $1.1 million in assets.

December 30, 2025

OneFlight International allocates $3 million in Verijet promotion

Verijet jet card members are being targeted by OneFlight International in a promotion to gain flyers with the bankrupt Vision Jet operator.

October 20, 2025

Verijet files for Chapter 7 with $10.5 million in jet card balances

The Verijet Chapter 7 bankruptcy filing follows founder Richard Kane's death last month, a slew of lawsuits, and $38.7 million in liabilities.

October 10, 2025

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Do separate accounts provide security in a flight provider failure?

Some private jet flight providers promote they put prepaid funds in separate accounts. Here's what you should know.

March 2, 2025

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Is bankruptcy an option for jet card sellers and customers?

Airlines use Chapter 11 to restructure, allowing customers who purchased tickets to fly and keep frequent flyer miles. What about jet cards?

November 18, 2024

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Private jet provider financial stability - what you said

Prepaid jet cards and fractional ownership both carry financial risks if your provider fails. Here is how you view provider finances.

November 3, 2024

Private Jet Card Comparisons adds Jet Card Haircut Calculator

The Jet Card Haircut Calculator enables you to track the cost of orphan funds or deposits lost to provider failure.

September 8, 2024

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Refundable Jet Cards: The good and bad

Refundable jet cards enable you to get your money back if you aren't happy with the service or your needs change.

September 8, 2024

Make The Right Decision

Compare Jet Cards by 65+ Variables That Matter

If you want a program-by-program comparison of more than 500 products from over 80 companies, covering 65 points of differentiation and over 40,000 data points, we have organized it all into a single, easy-to-use and compare spreadsheet.