JetSuite uses low-cost airlines as a model for charter service

A new jet ownership and charter business called JetSuite is preparing to take delivery of its first Phenom 100 next April and has unveiled details about it

By Matt Thurber • Editor-in-Chief

August 29, 2008

A new jet ownership and charter business called JetSuite is preparing to take delivery of its first Phenom 100 next April and has unveiled details about its business model.
JetSuite is actually the latest incarnation of what used to be MagnumJet, a business that in 2006 announced an order for 101 Adam Aircraft A700 very light jets. At the time, MagnumJet also ordered 100 Embraer Phenom 100s (50 firm and 50 options), and given the recent financial difficulties at Adam Aircraft, JetSuite will launch a year later than originally planned and with the Phenom 100 instead of the A700, according to president Alex Wilcox. JetSuite is backed by Proctor Capital Partners, a New York private-equity firm that helped start MagnumJet and transitioned that company into JetSuite.

The JetSuite management team has years of airline experience and members who hail from low-cost carrier JetBlue Airways and other airlines. Wilcox was a founding member of JetBlue and founding president and COO of India’s Kingfisher Airlines. Vice president of certification and safety Usto Schulz was JetBlue’s vice president of safety. And former United Airlines DC-10 fleet captain Ken Burnham is JetSuite’s vice president of flight operations.

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