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DayJet soldiers on despite setbacks

DayJet soldiers on despite setbacks

DayJet founder and CEO Ed Iacobucci said the fledgling air taxi firm is on track to start breaking even in the first quarter of 2009.

In a speech Wednesday to the Washington Aero Club, Iacobucci said the Florida company’s strategy of selling individual seats aboard its fleet of Eclipse 500 very light jets is gaining traction among business travelers.

DayJet typically makes about 25 flights a day. The company raised $50 million and started operations in 2007 but scaled back growth projections last month when it was unable to raise an additional $ 50 million. DayJet laid off employees and said it will sell or lease about half its 28 aircraft.

According to AOPA


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