“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”
JetDirect Closes, Wayfarer Takes Over
Charter and aircraft management provider JetDirect Aviation ceased operations in April and Wayfarer Aviation subsequently announced that it had purchased "substantially all" the company's assets. Wayfarer is the new name for JetDirect Aviation Acquisition Company (JDAAC).
In the weeks leading up to the closing of JetDirect and the asset sale, JDAAC and Wayfarer chairman Robert Pinkas promised that management clients, some of whom were owed hundreds of thousands of dollars, would be repaid if they signed a consent agreement to move their aircraft to JDAAC, which took over JetDirect's Part 135 certificate.