Qatar Executive adds three more Gulfstream G650ERs

Qatar Executive

Private jet charter operator Qatar Executive now has 11 of the ultra-long-range Gulfstream G650ERs in its fleet. It also offers a fixed-rate jet card

Qatar Airways private jet subsidiary Qatar Executive has added three more Gulfstream 650ERs to its fleet. The operator now has 11 of the type.

Qatar Executive adds to Gulfstream G650 fleet

Qatar Executive

Launch Gulfstream G700 customer Qatar Executive continues to expand its fleet of ultra-long-range G650ERs

Qatar Executive, which launched its first jet card offering last year, is expanding its fleet of Gulfstream G650ERs.

Private Aviation Deal Book by Private Jet Card Comparisons

Private Aviation Deal Book

Let’s make a deal. The M&A market for private jet operators is hot. Over 50 deals, fundraises, launches, and bankruptcies detailed

(Updated January 6, 2021) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.

JetSuite burned through at least $100 million in cash before filing for Chapter 11

JetSuite bankruptcy

In addition to over $50 million in jet card deposits, grounded private jet charter operator JetSuite received over $57 million from affiliates since 2016

Flight delays caused by President Trump, stolen silverware, broken coffee makers and ‘race to the bottom’ pricing’ increased the losses

Is a JetSuite 2.0 in the works?

Court documents from the bankruptcy proceedings of Superior Air Charter, LLC, better known as JetSuite, show a company that was burning through cash since at least 2016.

During that time both JetBlue Airways and Qatar Airways made investments into the parent company JetSuiteX, Inc. Additionally, JetSuite used $50 million in unredeemed deposits from jet card customers towards operations, something its contracts permitted. The company, like other key players in the market, did not offer an escrow account.

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