Originally Posted by
Minepza
Again I think you’re mixing up JetSuite with JSX. I believe I read that JetSuite was in the hole for some crazy amount and was not making money that’s why they filed BK right away. JSX has been profitable in all the routes, except the ones launched recently for obvious reasons. Hence the rapid growth, investments, and additional planes that were coming.
In the early days of JetSuiteX they depended on JetSuite for capital as the company grew from one plane that was a lease. Also, the companies were not really corporately separate except having different Part 135 certificates and Part 119 staff. As they grew they separated from JetSuite and became self supportive. This CORVID pandemic is the real test of health of a company of any kind. No way to hide behind it. If after all the stimulus monies rather they be grants or loans run out and JSX is still operational then they are going to be stronger and smarter coming out of the pandemic then they were going in.