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.
Continue reading “JetSuite bankruptcy payments prove bitter”
Argus TRAQPak’s list of the largest U.S. private jet charter operators highlights the active mergers and acquisitions market
Argus TRAQPak’s list of the 25 largest U.S. Part 135 private jet operators ranked by flight hours highlights the industry’s frenetic merger and acquisition activity. Ten of the private jet charter operators were involved in transactions. Part 135 includes on-demand and jet card flights
Continue reading “Biggest Part 135 private jet charter companies for 2020 ranked”
The Consolidated Appropriations Act, 2021, authorizes the Treasury Department to provide up to $16 billion of payroll support to aviation providers. So far over 500 have applied
The U.S. Treasury Department has revealed the list of aviation providers who have applied for the $16 billion allocated for industry workers’ payroll support.
Continue reading “Major private jet operators apply for Payroll Support Program Extension Payments”
Private jet operators should be able to tap into the estimated in $15 billion in air carrier support
The newest legislation to provide ongoing COVID-19 relief is estimated to have $15 billion for the airlines. According to a spokesperson for the National Business Aviation Association, that should incorporate Part 135 private jet operators and other companies related to business aviation.
(Updated Dec. 22 @ 7:22 am – A full copy of the HR 133 – Consolidated Appropriations Act, 2021, can be downloaded at the end of this story.)
Continue reading “CARES Act 2: New COVID relief should be open to private aviation”