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.
JetSuite plans to offer similar health tech solutions for both JetSuite passengers and employees.
Hyperice, known for its presence in the professional sports and fitness industries, announced its first-ever health technology aviation partnership with JetSuite, designed to enhance pilot wellness and performance.
The partnership gives JetSuite pilots access to Hyperice’s recovery and mobility devices which help to relax and loosen muscles, increase circulation and enhance the range of motion and flexibility.
Our partnership with Hyperice was developed to increase the long-term wellness of our pilots through leading recovery and mobility devices that help offset the physical demands of flying. After all, they are our athletes in the sky.
Stephanie Chung, president of JetSuite
In a press release, Hyperice said, “Pilots’ health and wellness can often be compromised due to an irregular diet, sleep pattern, and exercise schedule. Their daily regimen is imperative to ensure they stay healthy and perform at the safest level.”