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.
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.
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.
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.
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.
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.
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
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.