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.
The by-the-day fractional share and jet card seller is expanding its target markets for customers
After rebranding last year from Executive AirShare to Airshare, as we previously reported, the company had plans to expand east from its Kansas City base. This week it happened.
Airshare said it is adding Chicago, Milwaukee, Indianapolis, Cincinnati and Louisville as markets it will sell fractional shares and jet cards.
While a majority of its 12,000 annual flights operate in and out Dallas, Houston, Denver, Kansas City, and the Great Lakes region, popular destinations for customers include Mexico and the Caribbean, Aspen, and Napa Valley.
Football’s Most Valuable Player will continue to front for
his hometown private jet company
In just his second year, Patrick Mahomes dominated the National Football League and took home its Most Valuable Player trophy while leading the Kansas City Chiefs into Super Bowl contention. Today, locally based Airshare, which sells jet cards and fractional ownership on its Phenom 300 and 100 fleet, said the rising star has re-signed as its spokesperson.