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 Tony Hsieh

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.

JetSuite launches U.S. Open tennis VIP access for SuiteKey members

JetSuite Experiences by Embark Beyond offers customers bespoke travel experiences, including special access at major sporting and cultural events

Dallas-based charter operator JetSuite is offering its customers VIP access to the U.S. Open tennis championship being held in New York City August 26 through September 8, 2019.

SuiteKey jet card members and on-demand charter customers can take advantage of the JetSuite Experiences program to attend the Open with premium seating, luxury hotel suites, player meet and greets, official after parties, and opportunities to show off their skills at the USTA National Tennis Center.

The U.S. Open offerings are part of a broad partnership with Embark, the luxury travel agency, launched in May. Last year, JetSuite relaunched its jet card program offering gourmet catering and perks for top tier members, including free helicopter transfers via Blade.

Qatar Executive inks billion-dollar Gulfstream G650, G500 order

The charter operator and its parent Qatar Airways along with JetBlue are investors in JetSuite

Qatar Airways last week announced an order for 18 Gulfstream aircraft during a ceremony at the White House. The order worth over $1 billion is for 14 Gulfstream G650ER and four Gulfstream G500 and will add to Qatar Executive’s growing fleet that currently includes six G650ER and four G500 aircraft.

Gulfstream executives had previously reported the order, however, the customer had not been disclosed. Flexjet had been mentioned along with Qatar Executive as likely buyers.

Qatar Airways Group chief executive, Akbar Al Baker said, “Qatar Airways is very pleased to confirm this landmark deal with Gulfstream. Our corporate jet division, Qatar Executive, goes from strength to strength and this commitment to new orders will allow us to offer our bespoke luxury service to even more passengers.”

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