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.
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.
The scheduled by-the-seat flights cut travel time in half by using private jet facilities
Having recently added Phoenix, Seattle, and Portland, JSX is now adding back Reno, Nevada to the fast-growing.
Beginning May 8 JSX will serve Reno from both Las Vegas and Burbank with fares starting as low as $119.
The fast-growing scheduled executive jet service which uses private jet terminals only start Phoenix flights last year
JetSuite, Inc’s JSX is expanding again. Recently it announced flights from Boeing Field in Seattle to Portland, Oregon. Now it’s adding a fourth route from Phoenix, a destination that just came online last year.
Flights from the Valley of the Sun to John Wayne Airport in Orange County begin March 3 supplementing Las Vegas, Burbank, and Oakland.