JetSuite is flying again as Superior Air Charter

JetSuite Superior Air Charter

With three Embraer Phenom 100s, JetSuite had told the bankruptcy court it intended to restart operations, and it may just have done that

It looks like JetSuite is getting ready to relaunch operations, if it hasn’t already.

A website with the URL superior.flights, was created on Oct. 16 and used the same syntax as an updated message on the JetSuite.com website. Perhaps coincidentally, JetSuite received $6.5 million in CARES Act payroll support funds on the same date.

After bankruptcy, JetSuite receives $6.5 million in CARES Act payroll support

JetSuite bankruptcy

JetSuite customers lost $50 million in unused jet card flight credits. Now the company has received $6.5 million from the Treasury Department under the CARES Act

JetSuite emerged from its Chapter 11 bankruptcy reorganization in September. Now the Part 135 private jet operator, which laid off all but a handful of its employees when it suspended flights in April, has received $6.5 million in CARES Act funds.

JetSuite refutes customers who allege a Ponzi scheme

JetSuite Tony Hsieh

A pair of JetSuite SuiteKey jet card members contend wrongful conduct and breach of fiduciary duties

“JetSuite will fly again,” says its chief restructuring officer, debating the Trustee’s allegation that the private jet operator’s bankruptcy is a liquidation and not a restructuring

Just when it looked like JetSuite’s Chapter 11 bankruptcy filing was about to move quickly through the courts, it may have hit a pair of speed bumps.

Trustee objects to JetSuite’s bankruptcy reorganization plan

JetSuite

JetSuite’s Chapter 11 reorganization plan is “not feasible,” according to the trustee

The trustee overseeing JetSuite’s Chapter 11 bankruptcy is urging the judge to reject the company’s proposed plan. The filing today came hours before the deadline for objections and ahead of a scheduled Sept. 3rd court date.

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.”

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