Business Jet Traveler » December 2008

December 1, 2008
Per-seat, on-demand charter operator DayJet has ceased operation. The Boca Raton, Fla.-based company was in business barely a year, offering an air-taxi service covering much of the U.S. Southeast. DayJet blamed its September shutdown on its inability to arrange financing in the midst of the current global financial crisis.
December 1, 2008
A prominent aviation lawyer complained to me recently when his outraged client discovered he was being "back-to-backed." The lawyer wasn't pleased either, but he acknowledged that so-called back-to-back transactions are common in the business jet marketplace.

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“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”

-Steve Varsano