A turbulent capital market and ongoing problems with the Eclipse EA-500 Very Light Jet ultimately undid DayJet´s plans for establishing a vast network of per-seat, on-demand air taxi services, company executives said. DayJet notified FAA´s Washington Flight Standards District Office that it planned to stop flying 27 of 28 Eclipse EA-500 Very Light Jets in its fleet and laid off most of its work force on Sept. 19 (BA, Sept. 22/131). The decision to cease operations came just a year after the company launched as a "new regional transportation model."
"We deeply regret the disruption and hardship to customers, suppliers and employees caused by this unexpected shutdown of commercial operations," DayJet founder Ed Iacobucci said in a prepared statement announcing the decision. "During the past year, we have demonstrated, beyond a reasonable doubt, that customers will sign up, purchase and become frequent users of this new service - the DayJet ´per-seat, on-demand´ model works," he said.
Iacobucci has maintained over the past year that his company was able to attract the market that it had expected. DayJet claimed a base of more than 2,400 members and had flown more than 9,000 segments totaling more than 1 million miles since launch, according to the company.
The full story read at Aviation Week