PrivateJet.com owner files a new $30 million lawsuit against Fly Victor

Fly Victor private jet charter broker

Don’t Look Media has filed a new lawsuit against Fly Victor, its founder Clive Jackson, and others

The new lawsuit against private jet charter broker Victor was filed in Florida’s state court

Following the administration of private jet charter broker Fly Victor’s parent, and a subsequent management-led buyout, Don’t Look Media has filed a new lawsuit, this time in Florida’s state court.

A previous, similar lawsuit filed last year in Federal Court was dismissed in February, a move Don’t Look is appealing.

The new lawsuit, also seeking $30 million, is over a revenue-sharing agreement for website privatejet.com, owned by Don’t Look.

Fly Victor financial filings show losses of over $50 million

Fly Victor private jet charter broker

The private jet charter broker had predicted profitability in 2020 before its parent entered administration earlier this month

Founder and CEO Clive Jackson says he is hoping to lead a management buyout

(Updated Feb. 21, 2020 at 10:48 EST) Financial statements filed by Alyssum Holdings and Fly Victor Ltd. in early January and obtained by Private Jet Card Comparisons anticipated the company’s tenuous future.

Auditors GrantThornton at the time wrote, “Uncertainty around the repayment or refinancing of this indicates the existence of material uncertainty, which cast significant doubt about the Company’s ability to continue as a going concern.”

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