JetSuite files for Chapter 11 bankruptcy with up to $100 million in liabilities

JetSuite

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.

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

JetSuite JSX shutdown

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.

JetSuite grounds fleet amid COVID-19 Coronavirus crisis

JetSuite

Private jet charter operator JetSuite has grounded its fleet of Embraer Phenom 300s and 100s

Sister JSX is continuing a reduced schedule of flights between private jet terminals

Private jet charter operator JetSuite, which sells Phenom 300 jet cards, is halting operations. The move reflects a steep dive in private travel from the COVID-19 Coronavirus pandemic. Closure of many hotels and resorts has meant aside from second homes and emergencies, there are few places to travel.

JetSuite sets 10-hour jet card in Covid-19 response

JetSuite

The program is JetSuite’s response to interest in short-term solutions for fixed-rate, guaranteed availability jet cards

With the Covid-19 Coronavirus pandemic causing airlines to slash flights and routes, more and more people are finding the need to turn to private aviation, at least for the moment.

Add JetSuite to the latest provider reducing the entry points for its guaranteed availability, fixed-rate charter product.

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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