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, has effectively ceased operations, informing owners that their aircraft will no longer be flown under the company.
CEO Glenn Gonzales primarily blamed alleged safety issues and runway overruns with HondaJet aircraft as the reason for grounding the fleet and the company's termination of services.
Many fractional owners and observers are skeptical of the CEO's explanation, suggesting Jet It's financial difficulties are the real cause, especially given that other aircraft types were also grounded and most staff laid off.
Fractional owners are now left in a challenging position, needing to collaboratively decide on options for their aircraft (e.g., transfer to another operator, sell) with minimal assistance from the defunct company.
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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