Bankruptcy court approves JetSuite’s reorganization plan

JetSuite Chapter 11 ruling

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.

JetSuite files for Chapter 11 bankruptcy with up to $100 million in liabilities

JetSuite

Since grounding its fleet earlier this month, the company had not communicated with SuiteKey jet card customers except to advise them of the shutdown

The company says it hopes to resume operations without disclosing specifics

JetSuite, dba as Superior Air Charter, filed for Chapter 11 bankruptcy protection in Delaware today. The move came two weeks after it suspended operations and furloughed most of its employees.

An estimated $50 million in jet card deposits are at stake in JetSuite’s shutdown

JetSuite bankruptcy filings

Customers say there have been no communications since the private jet operator posted notice Thursday it had grounded its fleet

Private jet charter operator JetSuite and its sibling JSX look to be facing an uncertain future. The latter runs scheduled flights between private terminals using reconfigured regional aircraft.

Both had cut a high profile in the industry, attracting investments from JetBlue and Qatar Airways.

JetSuite and JSX earn perfect score in 2020 Corporate Quality Index ranking

JetSuite JetSuiteX JSX

The two JetSuite, Inc. companies are the only aviation businesses to receive a 100 point score and rank in the transportation and travel category

Private jet charter and jet card operator JetSuite and JSX, a by-the-seat scheduled service with daily flights from private terminals, received a score of 100 percent on the Human Rights Campaign Foundation’s 2020 Corporate Equality Index (CEI).

The CEI benchmarking survey and report measure corporate policies and practices related to LGBTQ workplace equality.

JetSuite rebrands JetSuiteX as JSX

JSX operates scheduled shuttles using private jet terminals in the Western U.S.

Jet card and on-demand charter operator JetSuite has rebranded its JetSuiteX division as JSX along with a refreshed website, logo, livery and new ad campaign. The company said its goal is “to define its innovative form of air travel as a ‘hop-on jet service.’”

JSX says its mission is to “dramatically improve short-haul air travel by offering publicly available charter flights on 30-seat jets from private terminals.”

It now flies daily out of six airports: Burbank (BUR), Las Vegas (LAS), Orange County (SNA), Napa/Concord (CCR), Oakland (OAK), and Seattle-Boeing Field (BFI). JSX’s seventh destination, Phoenix (PHX), will launch later this month.

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