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.
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.
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.