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.
That’s according to court documents recently published by the Supreme Court of the State of New York.
Now lawyers for Mnuchin are targeting another private jet charter broker, Uber Jets, LLC, in the hopes of getting back their client’s money.
Paul A. Svensen, Jr. was in leadership positions at two jet card brokers that failed. After JetNetwork’s bankruptcy more than a decade ago, his new vehicle became JetCard Plus.
JetCard Plus closed its doors last year after Bloombergfirst reported Mnuchin’s judgment against it.
Then on Sept. 11, 2019, after a tip, Private Jet Card Comparisons published an investigative report linking JetCard Plus and Svensen, Jr. to Uber Jets, LLC.
Our report tied the private aviation executive’s son Paul M. Svensen to UberJets, LLC via a combination of social media and official business filings in Florida, New York, and Massachusetts.
A company representative told us, “Any claims you personally may make in your website’s article that UberJets is affiliated to any of the mentioned companies is baseless and simply not factual.”
Monetary Transfers from JetCard Plus to Uber Jets
Mnuchin’s lawyers apparently disagreed.
According to documents filed Jan. 15, 2020 with the Supreme Court of the State of New York, on Sept. 20, 2019, nine days after our article, Mnuchin served subpoenas on both Svensens at the Manhattan office for UberJets, LLC we identified.
“UberJets is owned by Paul M. Svensen, the son of JetCard’s founder and former executive Paul A. Svensen Jr. ,” read the plea from Mnuchin filed in New York.
It continued, “Bank records obtained by STM (Mnuchin) show significant monetary transfers from JetCard to UberJets and Paul M. Svensen. STM has been unable to obtain any evidence showing that the transfers served legitimate business purposes.”
Mnuchin’s most recent filing in New York seeks records from UberJets LLC. It also seeks to have Svensen pere et fil deposed “because it will confirm whether or not the Third Parties are currently in possession of assets that rightfully belong to STM pursuant to the Final Judgment.”
A notice dated Feb. 4, 2020, from the judge, gave 45 days for a response, however, there are no additional updates that have been posted on the Court’s website. As of March 15, the Court is limiting its business only to essential activities due to the COVID-19 Coronavirus pandemic.
Lawyers for Mnuchin didn’t respond to our request for comment. The FlyUberJets.com remains active selling memberships with claims to serve “top achievers in sports, business, and entertainment.”
During April,Private Jet Card Comparisonsisdonating $75 from every subscriptionto Feeding America’s COVID-19 Relief. This small amount ensures delivery of over 750 meals to those in need.
UberJets, not affiliated with Uber, is getting a lot of attention not just because of the name, but the unique business model as well. They believe in giving their customers a user-friendly membership experience through technology.
The Little Jet Company was set up by our Directors, Jason Bishop and Barry Preece who met at school. The friends share a love of aviation and enjoyed spending time at the airport as children.
How much does it cost to charter a private plane? Calculating the costs per hour, you can expect to pay between $1,300 to $3,000 for a small private plane that can seat between four and six passengers. On a midsize aircraft able to accommodate nine passengers, expect to pay between $4,000 and $8,000 per hour.
How Much Does it Cost to Rent a Private Jet? The cost to rent a private jet varies from $2,000 – $11,000 per billable flight hour. These hourly rates include a broad selection of aircraft from turboprops to finest executive jets in the skies.
Seat sharing services allow travellers to buy seats on a per person basis, on a private aircraft, whether it's on a bespoke charter flight or on a pre-determined route (a shuttle). This can bring the cost of the flight down considerably.
The ability to make overnight successes of individuals and businesses endorsed on her show became known as the Oprah Effect and is testament to her influence on popular culture. Winfrey is the owner of a Gulfstream G650 private jet which was built in 2015.
In fact, Berkshire Hathaway owns NetJets. So the next time you hear politicians or critics complain about corporate bigwigs owning or using private jets, think of the reasons why Warren Buffet has chosen to own and use one.
Does Bill Gates own a private jet? Simply answering "yes" would be an understatement. According to the website Private Jet Charter, Bill Gates actually owns four private jets: Two Gulfstream G650ERs and two Bombardier Challenger 350s.
Private planes offer more individualized amenities to offer passengers than first-class flights. First-class may be much more affordable than a private jet if you fly overseas. Flying first-class is generally less expensive than buying a seat on a charter jet if you fly alone.
While a private jet rental is considerably more expensive than flying on a commercial flight, it is still much cheaper than buying your own jet. Flights on private jets are charged by the hour. Prices vary depending on the size of the plane, the length of the flight and the number of people on board.
Can I smoke on a private jet? You can smoke tobacco on a private jet if you own it or you have permission from the aircraft owner and it follows FAA regulations for passenger and crew compartment interiors.
No, you generally cannot profit from the purchase of a private jet. It takes years to fully comprehend the complexities of purchasing and selling a private jet to the point where you wouldn't be jeopardizing your money, just as it does with many other specialized asset classes.
Tips in North America and some European countries are always appreciated, although the amount varies greatly. Many US customers don't tip pilots, but offering something in the $50-100 range is fairly common.
Nonetheless, a TIME investigation that looked at 35 years of aircraft accident data found the middle rear seats of an aircraft had the lowest fatality rate: 28%, compared with 44% for the middle aisle seats. This logically makes sense too.
If you're flying on a private jet, there are no restrictions on what you can and cannot bring on board. For example, there aren't any restrictions on flying with animals—instead of having to fly your beloved dog in the cargo area, she can stay in the cabin of a private aircraft with you.
This can cause a large financial loss, added work to find a replacement, a high-stress environment, and potentially the cancelation or delay of your trip,” JetASAP Founder and CEO Lisa Sayer tells Private Jet Card Comparisons.
Alex Wilcox is an American airline executive and businessman. He co-founded JetSuiteX, since renamed JSX, and is JSX's CEO. Wilcox was a founding executive of JetBlue Airways as well as president and COO of Kingfisher Airlines until 2006.
Oprah's private jet is powered by two Rolls Royce BR710 turbofan engines that can propel the jet around the globe with only one refuel stop. Oprah can fly anywhere around the world in her private jet with 17 other passengers.
Robert Herjavec, best known for his role as an investor on ABC' Shark Tank, is now singing the praises of Denver-based ONEFlight International. In the 30-second ads, the founder and CEO of Herjavec Group extols the virtues of OneFlight's Book A Jet system, which goes by BAJit.
What is JSX? JSX is a private jet operator that offers semi-private flight service. Boarding a JSX flight happens in private terminals and you deal with fewer lines and a shorter wait time when compared to flying commercial.
Meta paid CEO Mark Zuckerberg some $2.3 million in 2022 for his personal private jet trips. It was an increase from earlier years of the COVID-19 pandemic that saw travel disruptions.
When the billionaire finally decided on a private jet, she chose luxury. Kim Kardashian reportedly purchased the Gulfstream G650ER she calls 'Kim Air' for US$95 million but ultimately paid US$150 million for renovations and design.
As President of Sales, Marketing and Service at NetJets, Patrick is responsible for strategic oversight of NetJets' sales and marketing efforts across the Americas.
Introduction: My name is Chrissy Homenick, I am a tender, funny, determined, tender, glorious, fancy, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.