European very light jet operator stopped its French operations in late 2019. It promised to emerge in 2020 in Luxembourg, which it never did.

The company had been in financial trouble since at least the summer of 2018. That was shortly after closing its U.K. subsidiary Blink Air without notice, putting it into receivership. Both Wijet and Blink sold prepaid jet cards, putting unused consumer funds at risk.

After buying Blink in 2016, Wijet said it planned to grow its fleet to 50 jets by 2020. It also announced an order for 16 HondaJets.

Now Gotham City, a Swiss newsletter that tracks white-collar crime reports, “The National Directorate of Fiscal Investigations (DNEF) is interested in the Luxembourg holding company of entrepreneur Alexandre Azoulay. According to the tax authorities, the company Cynegy Holdings Luxembourg would have no actual existence and allowed its French subsidiary, Cynegy Holdings France, to artificially reduce its profit. The Paris Court of Appeal validated a search carried out in December 2019 at the Paris headquarters of the latter.”

Azoulay co-founded WiJet in 2008.

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