Per-seat, on-demand very light jet (VLJ) air-taxi firm DayJet last Friday filed for Chapter 7 bankruptcy (liquidation), just four days after company founder Ed Iacobucci expressed doubt at a VLJ air-taxi conference that the Boca Raton, Fla.-based charter operator would be resurrected.
Overshadowed by far larger jets in the static display, the Eclipse 500 very light jet (VLJ) is being shown for the first time at the MEBA show, courtesy of Dubai-based Palm Aviation and MyJet Turkey. The entry-level jet will be staying here in Dubai to make flight demonstrations after the three-day event.
DayJet’s future is still uncertain and will be a “fundamentally different business” if operations resume, according to DayJet chairman Ed Iacobucci, one of the keynote speakers at the Aviation Week VLJ forum that kicked off today in West Palm Beach, Fla. The company ceased operations on September 19, less than a year after its launch, but is still seeking investors and plans to restructure and modify its goals, Iacobucci said.
On October 21, Eclipse Aviation formally placed defunct charter operator DayJet’s 28 Eclipse 500s on the used airplane market. According to the manufacturer, the airplanes will be sold in “as is” condition.
Air-taxi operators employing technically advanced aircraft (TAA) and very light jets (VLJs) are upbeat about their futures, even in the face of DayJet’s demise. Speaking at a TAA/VLJ Air Taxi conference during the NBAA Convention last month, Air Taxi Association president Joe Leader said that worldwide demand is increasing for air taxis, which he defined as “more affordable on-demand transportation” than traditional aircraft charter.
London, Ontario-based OurPlane–a fractional provider of “new light aircraft”–made a bid to purchase the entire fleet of 28 Eclipse 500s formerly operated by DayJet. OurPlane said it submitted a “fair offer reflecting the current market value for the Eclipse jets.” Company president and CEO Graham Casson told AIN that the bid is more than JetsAmerica’s previous offer of $500,000 each but less than $1.5 million apiece.
London, Ontario-based OurPlane–a fractional provider of “new light aircraft,” including Cirrus SR22 piston singles and one Eclipse 500–today made a bid to purchase the entire fleet of 28 Eclipse 500s formerly operated by DayJet.
Air-taxi operators employing technically advanced aircraft (TAA) and very light jets (VLJs) are upbeat about their futures, even in the face of DayJet’s demise just last month.
An attempt by a group of buyers to make a low-ball bid for the former DayJet Eclipse 500 fleet appears to have run into a snag: Eclipse Aviation isn’t about to let those airplanes go cheap. The group, formed by Houston-based Eclipse 500 management company JetsAmerica and its president, Brandon Carlson, wants to offer $500,000 each for the 28 Eclipses that used to be operated by air-taxi firm DayJet.
Since taking the helm at Eclipse Aviation on July 28, chairman, CEO and investor Roel Pieper has worked to turn the manufacturer from a development company into one that can profitably produce the Eclipse 500 very light jet. “Eclipse has to be a profitable business,” Pieper told NBAA Convention News yesterday.