Former American Airlines chief Robert Crandall’s plans to blanket the Northeast U.S. with a fleet of air-taxi Eclipse 500 very light jets under the Pogo Jet brand name have come to an end. In a filing with the Securities and Exchange Commission, Pogo Jet of Chicopee, Mass., applied to withdraw its registration statement for an initial public stock offering. The IPO filing was made on Sept. 13, 2007, then amended on December 13 with details of a plan to begin service early this year using Eclipse 500s. Pogo Jet hoped to use $46.5 million of IPO funds to help pay for the Eclipse fleet, which was supposed to grow to 115 airplanes by the end of 2011. Pogo’s management team included Cameron Burr, executive vice president for corporate development, who is son of Peoplexpress Airlines founder Don Burr. Burr’s and Crandall’s airline experience was behind Pogo’s plans to employ airline operational techniques and a dispatcher-like pilot-assistance system. Before selecting the Eclipse 500, Pogo had placed an order for 75 Adam A700 VLJs; both Eclipse and Adam are now bankrupt.
Air-taxi Plans a Nonstarter for Pogo Jet
- April 23, 2009, 12:45 PM