Private jet operators should be able to tap into the estimated in $15 billion in air carrier support
The newest legislation to provide ongoing COVID-19 relief is estimated to have $15 billion for the airlines. According to a spokesperson for the National Business Aviation Association, that should incorporate Part 135 private jet operators and other companies related to business aviation.
(Updated Dec. 22 @ 7:22 am – A full copy of the HR 133 – Consolidated Appropriations Act, 2021, can be downloaded at the end of this story.)
Early JetSuite investor Tony Hsieh, the former Zappos CEO, died in Connecticut on Friday after a house fire
Tony Hsieh, who died on Friday from complications after being rescued from a fire in a home he was staying at in Connecticut, is best known for Zappos, the company he sold to Amazon for $1.2 billion. His net worth, according to Forbes, was $840 million. He was also an early investor in JetSuite and served on its board until 2019.
In a filing last week, the grounded private jet charter operator outlined what its jet card customers might receive in exchange for their $50 million in unused flight credits
What’s nearly $50 million in unused flight credits worth when your jet card provider goes bust?
The answer looks to be less than customers had hoped for, but more than past bankruptcies and closures.
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.