JetAlliance Offers Plan for DayJet Eclipse 500s
April 2, 2009
By: Matt Thurber
While various entrepreneurs have tried to buy and resell the 28
Eclipse 500 very light jets that were flown by bankrupt air-taxi
firm DayJet, none has succeeded. Now Randall Sanada, chairman of
aircraft charter and management firm JetAlliance of Westlake
Village, Calif., has proposed a new way to market those jets, still
owned by UT Finance, a subsidiary of United Technologies.
JetAlliance plans to offer to sell shares of used DayJet Eclipse
500s to those who placed 60-percent deposits on new Eclipse 500s.
“As unsecured creditors,” Sanada said, “there’s really nothing for
them except perhaps a small percentage they might recover through
litigation.
All is lost unless we can come up with an alternative. Depositors
would pay part of their remaining 40 percent in exchange for a share
of a DayJet Eclipse.
If a depositor paid 60 percent of the $2.15 million price, then by
paying 50 percent of the remaining $860,000, he could buy a half
share in a used Eclipse 500, although these are not formal
JetAlliance pricing quotes. JetAlliance would manage the jet and
place it on its Part 135 certificate to generate revenue.
About JetAlliance
JetAlliance, Inc. is the leading Fractional Jet Ownership Company
in the new VLJ (Very Light Jet) category of aircraft. Headquartered
in Westlake Village, California, JetAlliance is offering ownership
opportunities in the Eclipse 500 private jet, starting at $93,750.
For additional information, call 888-234-7526.
To request additional
information please click here.
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