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.
The U.S. Treasury Secretary is still looking recoup nearly $220,000 he lost to defunct private jet charter broker JetCard Plus
In yet another lesson showing it doesn’t matter who you are, it pays to do proper research before you buy into a jet membership program, the check wasn’t in the mail.
U.S. Secretary of the Treasury Steven T. Mnunchin still hasn’t received the $219,623 judgment he won from JetCard Plus and its former CEO Paul A. Svensen, Jr. last May in a Florida Court.
JetCard Plus, a private jet charter broker, closed earlier this year after it was hit by a $220,000 judgment in favor of Treasury Secretary Steve Mnuchin
Paul M. Svensen is registered as manager of UberJets LLC in Massachusetts and listed as CEO on its NBAA membership page. His LinkedIn profile still lists him as sales director of JetCard Plus
Paul A. Svensen Jr. was CEO of JetCard Plus, which is no longer an active company, and before that, COO of Jet Network LLC, a jet card seller that went into bankruptcy around 2007
In 2016, Paul A. Svensen Jr. registered another aviation business at the same Hingham, Massachusetts, address where Paul M. Svensen registered UberJets LLC, in August 2017
FlyUberjets.com promises members savings on full aircraft charters and empty leg flights
UberJets LLC denies any affiliation to Paul A. Svensen Jr. or JetCard Plus
UberJets LLC, a charter broker selling private jet memberships from a Park Avenue address in New York City promises “unlimited access to book and travel worldwide to luxury lifestyle destinations.”
It denies having any affiliation to a private aviation company that closed earlier this year amid litigation and a top executive, Paul A. Svensen Jr., who was CEO of that company and COO of another that also failed.
Blackbird promises to “defy gravity” with inexpensive private flights on private jets, turboprops and piston aircraft. Takeoff with the knowledge that this isn’t a traditional air charter
“We bring you the freedom of flight…No matter who you are, no matter what you do, we all face challenges, obstacles, rules, limitations and frustrations—this daily struggle is gravity that pulls us down and tries to keep us from reaching our potential. Together we will defy gravity.” – BlackBird website
I leased a private aircraft and hired a pilot in less than 10 minutes. Was it legal?
On March 12, 2019, I received a press release from BlackBird CEO and founder Rudd Davis. It was titled, “We just raised $10 million to bring you more freedom.”
It read, “We started BlackBird to make personal aviation as accessible and affordable as driving. Today, I’m excited to announce, we’ve taken another huge step toward making this a reality with the close of a $10 million Series A.”