New and veteran private jet flyers have discovered that if it seems too good to be true, it may well be. Here are some of the sad stories we’ve covered in the past five years
Summerset Maugham once wrote about the French Riveria it is “a sunny place for shady people.” While private aviation has a lot of great people, and I enjoy covering the industry, I have to admit I was surprised that, looking back over the past five years, there have been over a dozen private jet scams, bankruptcies, and shutdowns. To me, that seems like too many.
Continue reading “Caveat Emptor: Avoiding private jet scams, bankruptcies, and shutdowns”
It’s unsure of the objective for the owner of the AccorJets website. It was promoting a financial scheme to buy shares in private jets that would produce immediate returns. Ostensibly, it was offering charter flights on its claimed fleet of private jets. It said it was owned by the Accor group of hotels and part of Directional Aviation, owner of Flexjet and Sentient Jet. It liberally used images of Flexjet aircraft in its marketing materials.
Continue reading “AccorJets’ website no longer working after Accor, Directional say there is no affiliation”
The Trump Treasury Secretary was never paid after receiving a judgment against Paul Svensen’s jet card brokerage
According to The New York Post, U.S. Treasury Secretary Steven Mnuchin filed a Dec. 6 Manhattan Supreme Court lawsuit against JetCard Plus through Mnuchin, Inc.
Mnuchin’s problems with JetCard Plus were first reported by Bloomberg in May.
Continue reading “Mnuchin still owed 200k by defunct Jet Card Plus”
The Chapter 7 Trustee for Zetta Jet alleges the glitzy private jet charter operator was in a constant state of financial distress from the start
The Trustee is seeking to claw back over $450 million from more than a dozen entities
If it sounds too good to be true, it might be too good to be true. While failed Zetta Jet marketed a champagne and caviar image, it apparently was charging Red Lobster prices and moved from financial crisis to crisis from its inception, despite portraying itself as being well-capitalized.
Its website at the time said the private jet charter operator offered “pure indulgence,” combining “Asian inspired service, European chic, and American can do.” It promised, “At Zetta Jet, no desire is too extravagant and no request too difficult.”
Continue reading “Zetta Jet’s latest legal woes reveal a business “insolvent almost from inception””