Payouts are falling short of the promised 3 and 15 cents on the dollar for JetSuite SuiteKey members
JSX may be flying high. Its sister, the former JetSuite, is operating Part 135 on-demand charter flights under the Superior Air Charter banner. But, former SuiteKey members, who had $50 million in funds at the time of its grounding, are getting a bitter pill.
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.
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.
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.