Finance, Taxes, Insurance
Awaiting new funding DayJet postpones expansion plans
On May 6, very light jet air-taxi operator DayJet put its growth plans on hold after failing to obtain another $50 million in funding to progress to the ne

On May 6, very light jet air-taxi operator DayJet put its growth plans on hold after failing to obtain another $50 million in funding to progress to the next stage. As a result, the per-seat, on-demand air taxi laid off 100 of its roughly 260 employees and seeks to sell or lease 16 of its 28 Eclipse 500s.

Additionally, DayJet has deferred beyond this year delivery of its remaining orders and options for 1,400 more Eclipse 500s. Eclipse president and CEO Vern Raburn confirmed that DayJet hasn’t canceled any orders for Eclipse 500s and said the air taxi’s troubles aren’t “anything more than a minor hiccup.”