JetDirect Aviation For Sale?

[Globalflyer]

The interesting part to that is that the accounting systems get the blame without any mention of (what appears to be) the fact that they have or had no money to pay the bills with. An attempt at verbal slight of hand??

As for the buyer, it doesn't seem like there'd be many waiting in the wings. Considering the state of the economy as well as the condition of even the largest charter operators, I doubt there's many interested players right now.

Perhaps a private equity group might be interested, particularly because of the cash a charter/management business generates. But they've been pretty well trashed lately. Carlyle Group apparently cancelled orders for a G550 and G450 and one of the principals has his 450 for sale. Not a good sign for that industry.

A fractional like Netjets might be interested in Jet Direct as a strategic move to have a wider base of aircraft to use as backup to the core fleet. This could easily be accomplished by integrating Jet Direct into EJM. But I understand that EJM's charter business is WAY off, reflecting to some extent the slow down at NJA.

The other large fractionals are in no better condition so they don't seem to be likely buyers either. Anyone have any other ideas of who would be interested?

 

[skipro101]

The interesting part to that is that the accounting systems get the blame without any mention of (what appears to be) the fact that they have or had no money to pay the bills with. An attempt at verbal slight of hand??

Unless you are an accountant for Sentient, or part of senior management, what you have said there is pure BS.

Appears to be? How so? Do you actually have any hard evidence? Does it appear to be just because of the bills being late? Could that be so because of problems integrating 6 or 7 different accounting systems?

Look I'm not trying to get into a pissing match but you could be right, you could be wrong. Bottom line is you have no idea and the official word from the company is problems integrating the accounting system....which could explain the late payments.


You are just guessing.