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.
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.
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.
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.
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.