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

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

Key Takeaways:

Fractional jet company Jet It ceased operations, leaving owners of its HondaJet fleet responsible for managing their aircraft, often confronting issues like mechanics' liens and the complex logistics of maintenance.
Former Jet It owners must rapidly assess their aircraft's status, including airworthiness, insurance, and maintenance records, and understand the HondaJet's phase maintenance program and available service plans.
Comprehensive "back to birth" maintenance records are crucial for ensuring an aircraft's value and operational compliance, with some vendors offering free access to digital logbooks to assist displaced owners.

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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.