Jet It Tells Owners To Find New Home for Aircraft

As the fractional business jet operator shuts down contracts, owners are now tasked with deciding what to do with their aircraft.

Craig Fuller

Thursday, May 25, 2023 at 11:47 AM ET

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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, grounding its entire fleet of HondaJets and other aircraft, and furloughing nearly all staff.
CEO Glenn Gonzales attributed the shutdown to alleged safety concerns with HondaJet aircraft; however, fractional owners expressed strong skepticism, suspecting the company is facing financial difficulties.
Fractional owners are now left to independently coordinate with their co-owners to decide the future of their aircraft (e.g., transfer to another operator or sell) with little to no assistance from Jet It.

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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.