DayJet Calls It a Day | Aviation International News

Charter & Fractional

DayJet Calls It a Day

Boca Raton, Fla.-based DayJet–the per-seat, on-demand charter operator of the Eclipse 500– ceased operations and let go most of its approximately 150 emplo

By Chad Trautvetter • Online Editor

September 29, 2008

Boca Raton, Fla.-based DayJet–the per-seat, on-demand charter operator of the Eclipse 500– ceased operations and let go most of its approximately 150 employees on September 19, almost exactly a year after it started very light jet air-taxi operations in Florida and then gradually expanded service to cover much of the Southeast. Company founder Ed Iacobucci immediately stepped down as president and CEO but continues to serve as DayJet’s chairman of the board of directors. John Staten, the company’s CFO and senior vice president of operations, was named interim CEO.

In a press release, DayJet said, “This shutdown is a direct consequence of the company’s inability to arrange critical financing in the midst of the current global financial crisis. The company’s operations have also suffered as a result of Eclipse Aviation’s failure to install missing equipment or functionality or repair agreed technical discrepancies in accordance with the terms of DayJet’s aircraft purchase contract.”

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