Jet It Fallout Leaves Owners Shouldering Aircraft Maintenance

After the fractional jet company ceased operations, its owners are now responsible for maintaining the airplanes.

Thursday, June 15, 2023 at 04:18 PM ET

Verified

After Jet It closed up shop, fractional owners suddenly found themselves learning the logistics of maintaining a HondaJet. [Courtesy: HondaJet]

Key Takeaways:

The grounding of fractional jet company Jet It has left its aircraft owners responsible for managing their HondaJet HA-420s, confronting challenges like stranded aircraft and potential mechanics' liens for unpaid services.
Owners must urgently assess their aircraft's status, secure comprehensive "back to birth" maintenance records, understand HondaJet's phase maintenance program (which is Hobbs meter-based), and prepare for significant maintenance costs, especially for major inspections.
To navigate this complex situation, owners need to verify aircraft programs, warranties, and insurance, and can leverage resources from Honda Aircraft Co. and third-party vendors like Bluetail, which offers free digital logbook access for a limited period.

See a mistake? Contact us.

Last month, fractional jet company Jet It grounded its fleet and began to furlough staff shortly after. Within days, the company told its fractional owners to seek a new home for their aircraft.

When Jet It ceased operations, aircraft were stranded all over the country. Owners, who at one time relied on the company to manage the airplane, suddenly found themselves learning the logistics of maintaining a HondaJet HA-420, along with the potential pitfalls.