JetSuite refutes customers who allege a Ponzi scheme

JetSuite bankruptcy filings

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.

An estimated $50 million in jet card deposits are at stake in JetSuite’s shutdown

JetSuite bankruptcy filings

Customers say there have been no communications since the private jet operator posted notice Thursday it had grounded its fleet

Private jet charter operator JetSuite and its sibling JSX look to be facing an uncertain future. The latter runs scheduled flights between private terminals using reconfigured regional aircraft.

Both had cut a high profile in the industry, attracting investments from JetBlue and Qatar Airways.

PrivateFly, JetSuite, JSX, GlobeAir share Covid-19 private jet rescue flight stories

Private Jet travel trends - July 2020 July 201

As the airlines cancel thousands of flights and suspend key routes, private aviation companies are sharing tales from the front lines

Repatriation flights by private aviation companies are bringing stranded travelers home

With airline schedules and operations in disarray, private aviation providers are filling the gap, getting repatriating citizens home safely.

Earlier today, Austria-based GlobeAir said it had repatriated 26 passengers. The travelers were mostly departing from France, Switzerland, and Spain trying to reach Switzerland, Germany, and the United Kingdom. The company uses Cessna Citation Mustangs that seat up to four passengers.

JetSuite sibling JSX, Air Partner highlight private corporate shuttles as COVID-19 Coronavirus cuts airline service

JetSuite JetSuiteX JSX

Corporate shuttles have long been a staple of business aviation, but now are serving a more critical purpose

Major companies around the world have long chartered aircraft to operate corporate shuttles. The shuttles typically operate on a schedule, many times between company locations where there is a lack of nonstop airline flights.

Types of aircraft used vary from traditional private jets to regional airliners converted into an executive cabin. Some companies have even operated these types of shuttles on transoceanic routes.

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