Two former customers of the private jet-sharing service told the cable news network they were interviewed by law enforcement in March
JetSmarter is hoping to put its troubles behind it. Earlier this month, without admitting guilt, it agreed to settle a class action arbitration for $6 million. It also agreed to be acquired by Dubai-based Vista Global, parent of VistaJet and XOJET. However, a CNBC report yesterday says JetSmarter may be under investigation.
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.
With seemingly fewer flights, JetSmarter is launching another special offer to attract new members
JetSmarter is offering new registrants on the JetSmarter.com the option to book two private flights at JetSmarter member prices, which will be valid for 14 days. According to a press release, this offering will allow new travelers the opportunity to experience JetSmarter’s service and allow them to save an average of $750 on their first two flights with JetSmarter. Travelers will be able to choose from any of the flights posted in the app, create a flight along JetSmarter’s existing routes or charter a flight to any destination on the globe and share it with other fliers, or keep the flight completely private. Travelers can book either via JetSmarter’s website or through the mobile app.
An in-depth look beyond JetSmarter’s legal woes, layoffs and last week’s safety incident to its actual flight schedules and how much you will end up paying for both single seats and to start shared flights
With a new lawsuit seeking at least $890,000 filed against JetSmarter last week in New Jersey and perhaps a dozen more customers contemplating legal action, Private Jet Card Comparisons has been told by multiple sources that as many as 40 people were laid off from the company over the past several weeks. In March 2017, its CEO Sergey Petrossov told the Miami Herald it had 260 employees.