Charter & Fractional
Jet Republic remains tight-lipped on insolvency
According to the management of Jet Republic, the overriding reason that the company suddenly

According to the management of Jet Republic, the overriding reason that the company suddenly
ceased trading on August 20 was because “the aviation asset finance market has completely dried up, making it much more difficult for potential clients to take out and obtain financing for fractional ownership of jets.”

And yet until a week or two before its Portuguese operating company was declared insolvent, Jet Republic continued to state that the credit desert of what experts view as a global financial crisis of historic proportions was exactly the right environment in which to build a fractional ownership business. One of the main
planks of its sales pitch was that customers who couldn’t afford to buy and operate their own aircraft could still afford to buy shares in aircraft.