JetDirect/SFG...

[OCR]

Flight Options has expressed an interest in expanding their aircraft management business, and if they can ultimately acquire or partner with JetDirect, that would put them on the map quickly. Your on the right track here, and I do believe we will see this unfold in the near future.

 

[OCR]

I was just informed by several JetDirect employees that the company is shutting down tomorrow. They confirmed that it is not just a planned bankruptcy to prepare for the new owner, but that they are being told tomorrow is their last day, they will not be paid for any further wages or expenses, and no mention of being offered any jobs by the new company.

Does anyone else know what's going on?

 

[54fighting]

As of this morning, the website is no longer up and running. Just has a number to book a charter and a number for HQ.

 

[charter dog]

I received the mass e-mail notification of termination on 4/17. That's pretty much what we've come to expect from this "organization", so no big surprise there. At least I can now file for UI. I'm only out 2 weeks pay, my vacation pay and a few hundred in unreimbursed expenses incurred months ago when the credit cards got shut off.

Other crewmembers continued to front expenses long after I and many others put the company on a "cash in advance" basis. Some for tens of thousands. I'm sure they thought they were doing the right thing, but this is the thanks they get for placing any trust in JD.

Now that JD has effectively ceased to exist as a business entity, former employees and other unsecured creditors will be left with no recourse to recover monies owed them. This debacle will have repercussions for some time to come. Personal bankruptcies are imminent for a few individuals who extended significant credit, not to mention the effect upon various vendors who failed to cut them off early. Trust misplaced.

It now appears that I am very fortunate to have gotten my start working for crummy bottom-feeders. Thanks to that early experience, I never trusted these folks any further than I could throw the crooked creeps. I'm still out of a job and a month and a half's pay, but probably feel much less betrayed than many of the poor Kool-Aide drinkers who believed. In the words of a senior pilot in VNY, "if this is your first go-around in the charter/management biz, welcome to business aviation and good luck in you future endeavors!"

Indeed.

Best,

 

[rondo]

Charter Dog,

Sad to say this is just the tip of the iceberg. 2009 has a lot more punishment to bring.

Good luck man.

 

[Globalflyer]

What's left?

Anybody have any idea of what's left of JetDirect?
Is Wayfarer actually starting up and did many owners actually re-sign with them? I'm amazed that any actually would even consider doing it.

Also, are the owners that left in the last few days going to pick up their crews? It would seem that the "right" thing to do would be just that. But as we all know, this is a business and what's right doesn't always happen.

Best of luck to all that were treated sooooo poorly during this slow motion debacle...