After shutting down and filing for Chapter 11, JetSuite’s jet card customers may lose $50 million in unused flight credits. Sister JSX, which is still flying, just received $8.9 million in COVID-19 relief
OneSky Flight, parent of Flexjet, Sentient Jet, and PrivateFly; Airshare; FlyExclusive, and Tradewind all received CARES Act funding, according to the updated Treasury Department list
View the entire list, including all 202 aviation companies receiving COVID-19 payroll support
This may not sit well with JetSuite’s 1,000 or so SuiteKey customers who have around $50 million in unused flight credits. Delux Public Charter, LLC, a related company that flies under the JSX brand received $8.96 million in CARES Act COVID-19 relief funds.
In a first reveal from the bankruptcy court, the private jet charter operator’s Chief Restructuring Officer said JetSuite “was never able to operate profitably.”
Here’s why JetSuite didn’t qualify for the CARES Act
Documents confirm $50 million in unused SuiteKey jet card flight credits
A sworn declaration by JetSuite’s chief restructuring officer, Edward T. Gavin of Gavin/Solmonese, gives a unique view into the Part 135 charter operator leading up to grounding its fleet and subsequent Chapter 11 bankruptcy filing earlier this week.
The document, filed prior to a video hearing yesterday, confirmed $50 million in unused SuiteKey jet card balances, the amount estimated by Private Jet Card Comparisons in our earlier report.
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.
As the airlines cancel thousands of flights and suspend key routes, private aviation companies are sharing tales from the front lines
Repatriation flights by private aviation companies are bringing stranded travelers home
With airline schedules and operations in disarray, private aviation providers are filling the gap, getting repatriating citizens home safely.
Earlier today, Austria-based GlobeAir said it had repatriated 26 passengers. The travelers were mostly departing from France, Switzerland, and Spain trying to reach Switzerland, Germany, and the United Kingdom. The company uses Cessna Citation Mustangs that seat up to four passengers.
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 honors from Fast Company follows a series of awards for the multi-faceted private aviation provider
Another month, another award for JetSuite and JSX. In February it was president Stephanie Chung named to the Ebony Magazine 2020 Power 100 List.
In January, the company received a perfect score in the annual Corporate Quality Index. The CEI benchmarking survey and report measure corporate policies and practices related to LGBTQ workplace equality.
Now JSX has been tabbed by Fast Company as one of the world’s “Most Innovative Companies for 2020.”