Sentient Jet Holdings, parent of Sentient Flight Group, today revealed that its financial backers have agreed to provide a new supply of funding to help the charter, aircraft management and jet card firm continue growing and address a cash-flow problem that has resulted in delayed payments to vendors. Sentient also revealed that Gregory Campbell, Sentient’s chairman of the board of managers, is assuming the role of CEO. Former CEO Steven Hankin will continue in a full-time position, working in an advisory role to Campbell and also leading some strategic initiatives.
Campbell, who was JetDirect’s CEO before the two companies merged last April and Sentient CEO before Hankin took over in September, is also senior managing partner of CD Ventures, one of Sentient’s investor group, which includes Argosy Capital, ABS Capital Partners, Brantley Partners, HSBC and AIG. Since the merger, Sentient has acquired five charter and/or management companies, including TAG Aviation USA, and now has 300 aircraft under management and more than 200 on various charter certificates that it owns.
