The co-founder of bankrupt Zetta Jet has been charged in Singapore with embezzling $7.6 million from the defunct private jet charter operator
In its 2017 bankruptcy filing, defunct Zetta Jet listed 58 pages of creditors owed between $50 million and $100 million.
Continue reading “Former Zetta Jet boss Geoffrey Cassidy charged with embezzlement”
Central Jet Charter’s Paul Alexander was arrested for allegedly trying to sell sex with underage girls to an undercover agent
The future of Central Jet Charter, which sells on-demand private jet charters and 25-hour jet cards, is in the spotlight. Its founder and CEO, Paul Alexander, was arrested last week on sex crimes charges. The incident is being widely reported.
Continue reading “Private jet charter broker arrested in child sex probe”
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.
Continue reading “JetSuite’s SuiteKey customers unhappy with bankruptcy offer”