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, stranding aircraft and leaving owners suddenly responsible for managing complex maintenance logistics and potential mechanics' liens for unpaid bills.
Former Jet It owners must now assess their aircraft's status, ensure all programs, warranties, and insurance are current, secure complete records, and determine funds needed to bring their HondaJets back online.
HondaJet maintenance follows a phase program based on flight hours, requiring careful management of Life Limited Parts and incurring substantial costs for major inspections (e.g., the 600-hour service), with various airframe and engine service programs available.
The situation emphasizes the critical importance of "back to birth" aircraft records, with companies like Bluetail offering temporary free access to digital logbooks to help affected owners protect aircraft value and operational status.

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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.