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.
Embraer Phenom 100 profile, including current pricing, manufacturing dates, cabin size and passenger capacity, range, speed, baggage space, fractional ownership and jet card options
Embraer Phenom 100 Facts
Brazilian manufacturer Embraer’s Phenom 100 was one of the original very light jets and one of the few that have survived and are still in production with the Phenom 100EV. Its cabin configuration comes with either four or five seats.
It is now succeeded by the Phenom 300E with advanced avionics and cabin systems, although both share the same dimensions.
The Phenom 100 has limited availability in both fractional ownership and jet cards.
The price for a used Phenom 100 begins at around $1 million, according to Controller, although as of Oct. 2020 only 20 were on the market.
Production Start: 2007
Last Delivery: The Phenom 100EV is still in production
Phenom 100 Related Models
The Phenom 100E and now the Phenom 100EV in the Embraer family
There are 371 Phenom 100 types as of October 2020, of which 294 are Phenom 100s, 57 are Phenom 100Es, and 20 are Phenom 100EVs
Very Light Jet
Phenom 100 Cabin Size and Passengers
Height: 4.92 feet
Width: 5.08 feet
Length: 11.00 feet
Seating Capacity: 4 to 6 with belted lav seat
Full: 915 nautical miles
Four Passengers: 1,242 nautical miles
Maximum Cruise Speed: 390 mph
Normal Cruise Speed: 371 mph
Long-Range Cruise Speed: 333 mph
10 cubic feet internal; 60 cubic feet external
Fractional Ownership – Yes
Dedicated Jet Card – Yes
Used Phenom 100s are listed starting at 1 million. The current list price for a new Phenom 100E starts at $4.5 million.
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.