Pogo Jet clarified plans to launch a charter service using Eclipse 500 very light jets in a registration statement for an initial public offering (IPO) submitted to the Securities and Exchange Commission. In a Form S-1 filed on September 13, the company revealed many more details about its planned charter operation and outlined the risks that it faces in trying to get the service off the ground.
Westover Metropolitan Airport
On Thursday afternoon, Pogo Jet filed a registration statement with the Securities and Exchange Commission for an initial public stock offering to raise money to launch Pogo’s very light jet air charter service. In the filing, Pogo Jet said that it is negotiating the purchase of 25 Eclipse 500s and plans to begin operations in the first quarter of 2009 from a base at Westover Metropolitan Airport in Chicopee, Mass.