JetSmarter has reached an agreement to settle claims made by some of its members that the company engaged in unfair and deceptive practices, according to a settlement notice.
div > div.group > p:first-child"> The private jet company, which once had more than 8,000 members and a self-proclaimed valuation of over $1 billion, has been the target of more than a dozen lawsuits and claims from members who say the company failed to deliver services promised in their memberships. JetSmarter was the subject of a CNBC investigation that also raised questions about its security procedures and passengers.
As part of the settlement, JetSmarter will create a fund of $3 million to pay members, who may also be eligible for free memberships and flight credits.
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