JetSuite’s SuiteKey customers unhappy with bankruptcy offer

JetSuite

In a filing last week, the grounded private jet charter operator outlined what its jet card customers might receive in exchange for their $50 million in unused flight credits

What’s nearly $50 million in unused flight credits worth when your jet card provider goes bust?

The answer looks to be less than customers had hoped for, but more than past bankruptcies and closures.

JetSuite SuiteKey members offered 15% of balances in JSX credits

JSX JetSuiteX

80% of the credits will be good for discounts of 32.5% to 55% on JSX’s scheduled flights

In a filing with the bankruptcy court released earlier this evening, Superior Air Charter, known as JetSuite, revealed its offer to SuiteKey jet card members. The filing shows these customers had $49.5 million of flight credits when the Phenom 300 operator shut down in April.

Bankrupt JetSuite’s sister JSX nets $8.9 million in CARES Act funds

After shutting down and filing for Chapter 11, JetSuite’s jet card customers may lose $50 million in unused flight credits. Sister JSX, which is still flying, just received $8.9 million in COVID-19 relief

OneSky Flight, parent of Flexjet, Sentient Jet, and PrivateFly; Airshare; FlyExclusive, and Tradewind all received CARES Act funding, according to the updated Treasury Department list

View the entire list, including all 202 aviation companies receiving COVID-19 payroll support

This may not sit well with JetSuite’s 1,000 or so SuiteKey customers who have around $50 million in unused flight credits. Delux Public Charter, LLC, a related company that flies under the JSX brand received $8.96 million in CARES Act COVID-19 relief funds.

Concord Private Jets gives preferred payment terms to JetSuite cardmembers

Star Jets Ricky Sitomer

SuiteKey members can join Concord’s jet card program with a reduced deposit of $25,000

Long Island, New York-based private jet card broker Concord Private Jets is offering JetSuite customers preferred payment terms.

Concord Private Jets rates were already among the lowest in the industry at $4,300 per hour for light jets, $,5400 for midsize, and $6,750 for super-midsize aircraft.

Alliance Aviation cuts rates, terms for JetSuite jet card customers

Alliance Aviation

SuiteKey customers can fly at discounted jet card rates on a pay-as-you-go basis through the end of 2020

Alliance Aviation, a charter and jet card broker affiliated with Part 135 operator Wing Aviation Group, is upping the battle for JetSuite’s SuiteKey jet card customers. JetSuite filed for Chapter 11 bankruptcy last week after grounding its fleet.

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