Major private jet operators apply for Payroll Support Program Extension Payments

psp support

The Consolidated Appropriations Act, 2021, authorizes the Treasury Department to provide up to $16 billion of payroll support to aviation providers. So far over 500 have applied

The U.S. Treasury Department has revealed the list of aviation providers who have applied for the $16 billion allocated for industry workers’ payroll support.

CARES Act 2: New COVID relief should be open to private aviation

CARES Act 2 private aviation

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.)

JetSuite is flying again as Superior Air Charter

JetSuite Superior Air Charter

With three Embraer Phenom 100s, JetSuite had told the bankruptcy court it intended to restart operations, and it may just have done that

It looks like JetSuite is getting ready to relaunch operations, if it hasn’t already.

A website with the URL superior.flights, was created on Oct. 16 and used the same syntax as an updated message on the JetSuite.com website. Perhaps coincidentally, JetSuite received $6.5 million in CARES Act payroll support funds on the same date.

Tony Hsieh, former JetSuite and JSX board member, dead at age 46

JetSuite Tony Hsieh

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.

A look back at who received CARES Act Payroll Support Payments

CARES Act private aviation recipients

The Payroll Support Program under Division A, Title IV, Subtitle B of the CARES Act provided payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. Here’s who got how much

It’s uncertain when there will be more government for the airline industry, and if so, will it extend to the private aviation side?

While the CARES Act payments have been widely credited for helping business jet operators get back on their feet quickly, they also have detractors, including NetJets, the largest private jets operator.

Private jet charter brokers unconcerned by operators going direct-to-consumer

CJI Americas 2020

Three charter brokers will tell attendees at Corporate Jet Investor Americas 2020 this week they are not concerned by the increase in operators launching jet memberships

The bosses at Air Partner, B2 Aviation, and Magellan Jets will tell attendees at the Corporate Jet Investor Americas 2020 conference that brokers do it better during the virtual event starting tomorrow.

Let’s make a deal. The private jet M&A market is hot, but not without risks

Private aviation M&A

Vista Global’s deal yesterday with Red Wing that brings it 15 light jets to XOJET is the latest and doesn’t look to be the last

In just over 3 years, we’ve tracked over 50 deals, fundraises, launches, and bankruptcies

(Updated Jan. 11, 2021) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.

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