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.

NBAA, NATA take CNBC to task for Clay Lacy and CARES Act coverage

Clay Lacy

Two private jet trade groups are accusing the cable network of misrepresenting Clay Lacy and the importance of business aviation

A letter issued yesterday by the top executives of the National Business Aviation Association and National Air Transport Association said CNBC coverage of the CARES Act distorted the impact of Covid-19 on business aviation.

A post on NBAA’s website was titled, “CNBC Distorts Pandemic’s Impact on Business Aviation, Specifically Charter Company Clay Lacy.”

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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