Tag: Jet Suite bankruptcy

JetSuite bankruptcy payments prove bitter

November 6, 2021November 6, 2021by Doug Gollan

Payouts are falling short of the promised 3 and 15 cents on the dollar for JetSuite SuiteKey members

JSX may be flying high. Its sister, the former JetSuite, is operating Part 135 on-demand charter flights under the Superior Air Charter banner. But, former SuiteKey members, who had $50 million in funds at the time of its grounding, are getting a bitter pill.

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Bankruptcy court approves JetSuite’s reorganization plan

September 4, 2020September 10, 2020by Doug Gollan

The approval of JetSuite’s Chapter 11 reorganization comes after opposition from the Trustee overseeing the case and charges the private jet operator had become a Ponzi scheme

(Updated Sept. 8, 2020) JetSuite may fly again. At least that’s the possible outcome now. The judge overseeing the Chapter 11 confirmed the company’s reorganization plan, according to Ted Gavin, managing director of Gavin Solmonese. Gavin serves as the private jet charter operator’s chief restructuring officer. The hearing took place this morning in Delaware.

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