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.
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.
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.
The new-member offer reduces hourly rates on its Embraer Phenom 300 fleet to $5,795 during the first six months
JetSuite, which last year added five Embraer Phenom 300s, is now offering new members in seven Southwestern U.S. states significantly reduced hourly rates as low as $5,795, which is up to 15% off normal pricing.
Regular program rates range from $6,375 to $6,776 per hour, excluding 7.5% FET, based on deposit tiers ranging from $100,000 to $500,000.
JetSuite plans to offer similar health tech solutions for both JetSuite passengers and employees.
Hyperice, known for its presence in the professional sports and fitness industries, announced its first-ever health technology aviation partnership with JetSuite, designed to enhance pilot wellness and performance.
The partnership gives JetSuite pilots access to Hyperice’s recovery and mobility devices which help to relax and loosen muscles, increase circulation and enhance the range of motion and flexibility.
Our partnership with Hyperice was developed to increase the long-term wellness of our pilots through leading recovery and mobility devices that help offset the physical demands of flying. After all, they are our athletes in the sky.Stephanie Chung, president of JetSuite
In a press release, Hyperice said, “Pilots’ health and wellness can often be compromised due to an irregular diet, sleep pattern, and exercise schedule. Their daily regimen is imperative to ensure they stay healthy and perform at the safest level.”
The Dallas Business Journal’s list measures sales growth over the past three years
After moving to Dallas last year, JetSuite this year was named as one of the 100 Fastest-Growing Private Companies on the 2019 list by The Dallas Business Journal. JetSuite had been based in Orange County, California.
In its 29th year for awards, the newspaper said it worked together with The Caruth Institute for Entrepreneurship at Southern Methodist University’s Cox School of Business to put the list together.