Despite Backing From JetBlue And Qatar Airways, JetSuite Files For Chapter 11 - Forbes

Over its life, Dallas-based JetSuite, the trade name for Superior Air Charter, LLC, cut a high profile in the industry. It attracted investments from both JetBlue and Qatar Airways. Today, it filed for Chapter 11 bankruptcy protection in Delaware.

JetSuite provided private jet charter flights on-demand and through its SuiteKey jet card program. JSX, a related company which uses reconfigured regional jets for scheduled flights from private aviation terminals in the Western U.S., continues with a limited schedule.

The Superior Air Charter filing estimates the company has between $1 million and $10 million in assets and liabilities between $50 million and $100 million. The largest unsecured creditor is Netflix, which had $931,098 in flight funds at the time of the filing.

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Less than two weeks ago JetSuite suddenly grounded its fleet without notice. Customers learned that it had suspended operations via a posting on its website that attributed the stoppage to the COVID-19 Coronavirus pandemic and the resulting downturn in travel. Private aviation flights in the U.S. dropped by over 30% in March and for the first two weeks of this month flying was down by 80%.