An FBI affidavit alleges millions of dollars in funds from
charter brokers and consumers were funneled to bank accounts used by Geoffrey
Cassidy to support a lavish lifestyle of yachts, expensive Swiss watches and
luxury real estate
As part of efforts here in the United States by the Court’s Trustee to impound a yacht in Australia connected to former Zetta Jet managing director Geoffrey Cassidy, Private Jet Card Comparisons was provided a 46-page sworn affidavit by an FBI special agent. The authenticity of the document, which was marked as “sealed” could not be confirmed, however, the case was recently covered in the local media Down Under.
PrivatAir’s insolvency marks another ‘good times’ private aviation blackeye and reminds buyers they need to research the stability of providers
Yes, it’s another ‘good times’ private aviation hiccup in what has been described as the peak of the segment’s 10-year recovery. “Any Jet, Anywhere, Any time” reads the on-demand private jet charter page of the Swiss and German private jet management company PrivatAir which said it has filed for insolvency today.
Encompass Aviation says Surf Air owes it $3.1 million on top of the IRS’s claims of nearly $2.5 million
As we reported here first in the wee hours of Saturday morning – just after midnight – we received a press release from Surf Air announcing it had terminated its agreement with Encompass Aviation LLC. The news took Encompass by surprise, and we reported that the Part 135 charter operator that had been flying Surf Air customers in California claimed it was owed significant money and planned to pursue legal remedies. Yesterday