In a filing last week, the grounded private jet charter operator outlined what its jet card customers might receive in exchange for their $50 million in unused flight credits
What’s nearly $50 million in unused flight credits worth when your jet card provider goes bust?
The answer looks to be less than customers had hoped for, but more than past bankruptcies and closures.
After shutting down and filing for Chapter 11, JetSuite’s jet card customers may lose $50 million in unused flight credits. Sister JSX, which is still flying, just received $8.9 million in COVID-19 relief
OneSky Flight, parent of Flexjet, Sentient Jet, and PrivateFly; Airshare; FlyExclusive, and Tradewind all received CARES Act funding, according to the updated Treasury Department list
View the entire list, including all 202 aviation companies receiving COVID-19 payroll support
This may not sit well with JetSuite’s 1,000 or so SuiteKey customers who have around $50 million in unused flight credits. Delux Public Charter, LLC, a related company that flies under the JSX brand received $8.96 million in CARES Act COVID-19 relief funds.
SuiteKey jet card members won’t have to worry about buying flowers for that special person this year
JetSuite is offering to help its SuiteKey jet card members celebrate Valentine’s Day or another special event in February.
By booking and completing any trip between Jan. 20th and 11:59 pm PST on Jan. 31st, the flowers are on JetSuite.
The offer represents a bonus of up to $20,000
Dallas-based JetSuite is sweetening the deal for its SuiteKey jet card through the end of 2019.
At its entry-level $100,000 membership, both new customers and members who renew get a bonus of up to one hour.
For a $250,000 deposit, members get up to two bonus hours.
However, the biggest bonus provides up to three free hours on a deposit of $500,000, which would equate to about $20,000.
JetSuite is offering jet card and on-demand charter customers exclusive insider experiences during Fashion Week September 4-11
Dallas-based charter operator JetSuite, which offers jet
cards on its fleet of Phenom 300 and 100 private jets, is offering to take its
clients inside the tent with tickets to New York’s Fashion Week.
The offer is specific to its Phenom 300s which operate nationally. It includes entrance to invitation-only parties and top designer runway shows for up to seven guests.