Prior to the grounding, Jet It was the largest operator of HondaJets in the U.S. [Courtesy: Jet It]
Key Takeaways:
Jet It, a fractional aircraft and charter operator, is effectively ceasing operations, with founder Glenn Gonzales informing owners their aircraft will no longer fly under Jet It, following a fleet-wide grounding and mass staff terminations.
Gonzales attributes the shutdown to alleged safety concerns with HondaJet aircraft, citing a series of runway overruns and a recent incident that caught fire, and stating Jet It requested due diligence from Honda Aircraft Company.
Fractional owners expressed significant skepticism about Gonzales' claims, suggesting the grounding might be a "negotiating tactic" or indicative of underlying "company issues" (e.g., financial distress/bankruptcy) rather than purely safety-related, given other aircraft types were also grounded.
With Jet It defunct, fractional aircraft owners are now left to individually coordinate with co-owners, many of whom they've never met, to decide the future of their jointly-owned aircraft, such as transferring to another operator or selling.
Jet It, a fractional aircraft and charter operator, is done.
At least that is the impression Jet It founder and CEO Glenn Gonzales gave fractional aircraft owners on a series of virtual calls on Wednesday, five days after he ordered a ground stop on the fleet of HondaJets the company manages.
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