“ While it may be tempting to use broad generalizations about the way business aircraft are most often used in America today, let’s not neglect the importance of business aviation as a crucial competitive asset to companies, an economic driver and lifeline to communities large and small. ”
JetDirect Closes, Wayfarer Takes Over
Charter and aircraft management provider JetDirect Aviation ceased operations in April and Wayfarer Aviation subsequently announced that it had purchased "substantially all" the company's assets. Wayfarer is the new name for JetDirect Aviation Acquisition Company (JDAAC).
In the weeks leading up to the closing of JetDirect and the asset sale, JDAAC and Wayfarer chairman Robert Pinkas promised that management clients, some of whom were owed hundreds of thousands of dollars, would be repaid if they signed a consent agreement to move their aircraft to JDAAC, which took over JetDirect's Part 135 certificate.