“Time is our most precious commodity, and there are conveniences that wealth brings to essentially get you more time. —retired Microsoft CEO Steve Ballmer, explaining why he commutes via private jet from his Seattle home to watch games of the Los Angeles Clippers, the basketball team he bought last year for $2 billion. ”
DayJet Folds, but Air-Taxi Operators Remain Hopeful
Per-seat, on-demand charter operator DayJet has ceased operation. The Boca Raton, Fla.-based company was in business barely a year, offering an air-taxi service covering much of the U.S. Southeast. DayJet blamed its September shutdown on its inability to arrange financing in the midst of the current global financial crisis.
Despite the economic crisis, however, other air-taxi operators remain upbeat. Speaking at a conference in October, Air Taxi Association president Joe Leader said worldwide demand is increasing for air taxis, which he defined as "more affordable on-demand transportation" than traditional aircraft charter. Linear Air president and CEO Bill Herp, meanwhile, blamed DayJet's failure on the fact that it didn't test the per-seat, on-demand model in a primary market like the Northeast. Herp said Linear Air is now doing that with its Eclipse 500s between Bedford, Mass., just outside Boston, and White Plains, N.Y., in the New York City metropolitan area.