Jet The World related companies hit with loan default judgments

The CEO and companies associated with jet card seller Jet The World have been hit with default judgments for over $700,000 since the end of July.

Founded as a private jet charter brokerage in 2009, Jet The World expanded into aircraft management in 2023.

In February 2024, CEO R.J. LaSasso told us, “We decided (to become a charter operator) after seeing as operators grew too fast, the service was going down.”

As of July, Airbrock Management & Charter Services, Inc., its Part 135 operator, had two Hawker 800XP midsize jets on its certificate.

LaSasso tells Private Jet Card Comparisons that for both his operator and charter brokerage, it’s business as usual.

He says the need for high-interest loans arose after he took a double hit.

He stated that a former employee had diverted over a million dollars in company funds, and one of the company’s two charter aircraft was out of service for seven months.

LaSasso says he needed the funds to pay employees and vendors.

“It was at the point I had to take some predatory loans,” he says.

“No business is easy. We are trying to get over the hump,” LaSasso continues.

LaSasso says he is negotiating repayment terms with the companies that sued him.

In the meantime, he remains optimistic, he says, based on the support of longtime customers, including both brokers and consumers, who continue to use the company.

The two most recent judgments were handed down on Aug. 12, 2025.

Airbrock Management Litigation

Bizfundcom sued Airbrock Management & Charter Services dba JTW Jets, and Richard Jose La Sasso.

Bizfundcom alleged that in early January, it paid $400,000 for $524,000 in future receivables.

The plaintiff claimed the defendants defaulted.

It alleges, “After all payments, credits, offsets, and deductions, under the agreement, there is a balance plus contractual fees as of this date in the sum of $404,117.20.”

Per the filing:

‘Defendant remitted $187,819.00 of the receivables purchased by Plaintiff, leaving a balance of unremitted receivables in the amount of $336,181.00. In addition, pursuant to the agreement, Defendant incurred NFS Fees in the amount $700.00 and Default Fee of $67,236.20.’

In a similar case, Thoro Corp. filed a lawsuit.

It sued Airbrock Management & Charter Services, JTW Jets (doing business as Jet The World Management), Richard Jose La Sasso, JTW Jets, LLC, and RJets.

In the March filing, Thoro Corp. alleged:

‘Pursuant to a future receivables purchase agreement dated March 25, 2025, Plaintiff purchased 20% of Defendant Seller’s total future account receivable, of each future account and payment obligation owed to Defendant Seller from its customers as they are generated in the ordinary course of Defendant Seller’s business (Future Receivables) up until the sum of $253,750.00 (Total Receivables Purchased) in exchange for an agreed upon purchase price of $175,000.00 (Purchase Price).’

Per the filing, the defendants “materially breached the terms of the agreement on June 4, 2025 by placing a stop payment on Plaintiff’s authorized debits, changing the bank account password, depositing receipts into other bank accounts, or otherwise taking measure to impede with Plaintiff’s ability to collect the Total Receivables Purchased without notice to Plaintiff, while still conducting business operations.”

Third lawsuit

A separate default judgment against JTW Jets LLC and La Sasso in favor of Throttle Funding, LLC.

It was issued on July 31, 2025.

Like the other lawsuit, this one was also over the purchase of future receivables.

The amount owed is alleged to be $356,994.69, including penalties.

The lawsuits were all filed in the state of New York.

Jet The World Future

Back in 2023, LaSasso recalled building the company from a single-person brokerage.

At that point, he said there were 10 full-time employees.

He said the move to having an operator was a necessity.

“Every operator is either a broker or they are becoming a broker. And more and more operators want to compete in the retail market, no matter what they say to brokers,” LaSasso said.

LaSasso says the experience has given him a new appreciation for operators.

“What I see as an operator has really enlightened me from my perspective as a broker,” he tells us.

Despite the challenges, he says he doesn’t regret expanding as an operator, saying it enables him to offer retail customers attractive pricing.