JetSuite refutes customers who allege a Ponzi scheme

JetSuite Tony Hsieh

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.

JetSuite SuiteKey members offered 15% of balances in JSX credits

JSX JetSuiteX

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.

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

JetSuite Tony Hsieh

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 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.

JetSuite launches SuiteSpot promo with Phenom 300 $5,795 hourly rate

JetSuite Superior Air Charter

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 partners with Hyperice to enhance pilot wellness

JetSuite pilots

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.”

JetSuite named to 2019 Dallas’ 100 fastest-growing private companies

JetSuite

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.

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