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.
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.
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.
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.
Health concerns and lower lead price points through private jet membership programs may help boost business aviation
FBOs (private jet terminals) are seeing business down as much as 95%. The overall flight industry was tracking at 80% below 2019 levels in the first two weeks of April. Surprisingly, many in the industry are bullish about recovery.