The soaring enterprise that started as JetDirect Aviation and grew into a charter/ management operator of 300 aircraft by swallowing up some of the biggest names in the charter industry is no more. On April 17, JetDirect Aviation founder, chairman and CEO Greg Campbell informed employees that JetDirect “will cease to operate; therefore all positions have been eliminated.”
On Friday, JetDirect Aviation chairman and CEO Greg Campbell notified employees that their jobs were terminated and that JetDirect has “ceased to operate.” Shortly after that notification, Wayfarer Aviation announced it had purchased “substantially all the assets of JetDirect Aviation.” Wayfarer Aviation is the new name for J
On Friday, a Massachusetts judge dismissed legal efforts to stop JetDirect Aviation Acquisition Company (JDAAC) from acquiring assets of JetDirect Aviation. According to legal filings by JDAAC, the sale is now expected to occur this week.
A Massachusetts judge has granted a petition for a temporary restraining order preventing JetDirect Aviation Acquisition Company (JDAAC) from completing the purchase of assets of JetDirect Aviation, at least until a preliminary injunction hearing is held tomorrow at 11:30 a.m. EDT.
As JetDirect Aviation Acquisition Company nears its planned purchase of assets of JetDirect Aviation, JDAAC chairman Robert Pinkas acknowledged the company’s responsibility to repay money owed to current and former JetDirect employees. AIN has received multiple complaints of bounced paychecks and non-payment of expenses and benefits from both current and former JetDirect employees.
The plan by JDA Acquisition Company (JDAAC) to buy the assets of charter/
JetDirect Aviation this week sold the assets of maintenance provider JetCorp to Flying Colours of Peterborough, Ontario. Current president Bill McLendon remains on board as president of newly named JetCorp Technicial Services, located at Spirit of Saint L St. Louis Airport in Chesterfield, Mo.
On Monday, JetDirect Aviation and JDA Acquisition Company (JDAAC) solidified an agreement for JDAAC’s purchase of JetDirect’s assets.
JetDirect Aviation has now placed two of its subsidiary companies into bankruptcy. The first was Regal Jets of Dallas, placed into Chapter 11 bankruptcy on February 25.
On Friday, JetDirect placed Novato, Calif. charter operator Sunset Aviation, Inc. into Chapter 7 liquidation.
The owners of Sunset Aviation, the charter/management company sold to JetDirect Aviation in May 2007, have formed a new company called Sunset Aviation LLC. The new Sunset expects to receive its FAA Part 135 certificate within a week or 10 days, according to primary shareholder and CEO Dan Drohan, and should grow from 30 aircraft currently to near 50 by the end of next month and add authorization for 10-or-more-seat jets in about 90 days.