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.
Flight sharing and charter broker JetSmarter says it is being targeted by ‘unethical competitive practices’
A report in the New York Post yesterday picked up on industry rumors bouncing around the last couple weeks that JetSmarter would be sold to Vista Group, a Dubai-based holding company formed last September which was used as a vehicle to acquire XOJET weeks later. The report cited undisclosed sources claiming, “Both insiders identified roll-up artist Vista Global as the likely acquirer. But if talks between the two parties fail, and JetSmarter fails to secure additional financing, the sources said it could be forced into bankruptcy.”
While Surf Air has pulled out of Europe and JetSmarter has none of its own flights scheduled, JetClass is seemingly making its by-the-seat semiprivate jet service work
By-the-seat private jet airline JetClass is increasing the frequency of its top-performing route between Zurich and Luxembourg, and adding flights between Vienna and Strasbourg, two cities in the heart of Europe which had never had a direct flight nonstop before, the company said in a press release.
The Netflix style all-you-can-fly by-the-seat private flight membership seller had launched flights in Europe last year
Surf Air last week has retreated from Europe. It comes less than 18 months after it launched flights with a single Embraer Phenom 300 and the promise of additional aircraft, including the Pilatus PC-12. As part of the launch, Surf Air had recruited the former chairman of the British Airways – American Airlines transatlantic alliance Simon Talling-Smith and had enlisted Flairjet, the U.K. operator owned by Directional Aviation to operate its Phenom.
Sharing economy private jet by the seat provider JetSmarter has been hit with its sixth lawsuit since in August
The Fort Lauderdale-based company, which sells private jet flights on a by-the-seat basis, was hit yesterday with another lawsuit, this time by a member who was sold a $97,500 upgrade to a Sophisticated Membership just days before the company announced it was opening flights to non-members.