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.
A “senior” couple say they were “scammed” by JetSmarter for $30,000 weeks before the company started cutting back on its scheduled flights with the free seats they were expecting
With each lawsuit – this is at least the seventh Private Jet Card Comparisons has tracked – the stories about JetSmarter’s sales tactics get more troubling. Even as management was pivoting its model of paid annual memberships in return for the ability to book free seats on scheduled private jet shuttles, its sales team was continuing “high-pressure” tactics trying to push even more expensive memberships while telling the media that it was focusing on more accessible pricing.
PrivatAir’s insolvency marks another ‘good times’ private aviation blackeye and reminds buyers they need to research the stability of providers
Yes, it’s another ‘good times’ private aviation hiccup in what has been described as the peak of the segment’s 10-year recovery. “Any Jet, Anywhere, Any time” reads the on-demand private jet charter page of the Swiss and German private jet management company PrivatAir which said it has filed for insolvency today.
The $2 million lawsuit against JetSmarter featuring Kim Kardashian and Petra Nemcova will continue in Los Angeles
One element of JetSmarter contracts that has been hanging over the heads of plaintiffs and others contemplating legal action against by-the-seat private jet membership club JetSmarter has been a clause in its contracts designed to prevent members from taking the company to court. In the case of Derek Milosavljevic vs. Jet Smarter playing out in the Superior Court of the State of California, JetSmarter has apparently lost that battle.
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.