JetSuite’s Chapter 11 filing reveals pre-Coronavirus challenges

JetSuite

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.

Magellan Jets adds complimentary carbon offsets

Magellan Jets

Jet card broker Magellan Jets is honoring Earth Day by including offsets for customers who buy until the end of June

Boston-based Magellan Jets is offering complimentary offsets on all 50-hour memberships purchased throughout the second quarter of 2020.

An estimated $50 million in jet card deposits are at stake in JetSuite’s shutdown

JetSuite JSX shutdown

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.

JetSuite grounds fleet amid COVID-19 Coronavirus crisis

JetSuite

Private jet charter operator JetSuite has grounded its fleet of Embraer Phenom 300s and 100s

Sister JSX is continuing a reduced schedule of flights between private jet terminals

Private jet charter operator JetSuite, which sells Phenom 300 jet cards, is halting operations. The move reflects a steep dive in private travel from the COVID-19 Coronavirus pandemic. Closure of many hotels and resorts has meant aside from second homes and emergencies, there are few places to travel.

JetSuite sets 10-hour jet card in Covid-19 response

JetSuite

The program is JetSuite’s response to interest in short-term solutions for fixed-rate, guaranteed availability jet cards

With the Covid-19 Coronavirus pandemic causing airlines to slash flights and routes, more and more people are finding the need to turn to private aviation, at least for the moment.

Add JetSuite to the latest provider reducing the entry points for its guaranteed availability, fixed-rate charter product.

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