September 15, 2024
Year Founded
2012
Headquarters
Greensboro, North Carolina
Leadership
Glenn Gonzales
Founder, CEO
Vishal Hiremath
Founder, President
Chris Crawford
Chief Operating Officer
Henry Kim
Chief Commercial Officer
Dr. Akir Khan
VP of Strategy
Duncan Jones
VP of Sales
Related Companies
JetClub, Jet It Canada, Jet It Europe
Greensboro, North Carolina-based Jet It ceased operations in 2023.
While operating it offered fractional ownership in the HondaJet very light jet, Gulfstream G150, and Phenom 300 using a by-the-days format.
Fractional owners could use their shares for multiple flights on the same day, including waiting time.
Shares started 25 days per year.
After launching in 2018, the company expanded to Canada and Europe using HondaJet.
In 2021, it added the Gulfstream G150, providing owners with a transcontinental option.
In October 2022, it said it would transition to the Phenom 300 as its fractional ownership platform.
In 2023, Jet It grounded its fleet and shut down.
The company was founded by CEO Glenn Gonzalez, a former executive with Honda Aircraft Company and a demonstration pilot with Gulfstream Aerospace.
Jet It was founded in 2018 and ceased operations in 2023.
Jet It is privately held.
Jet It reported having around 160 fractional owners when it shuttered.
Jet It forecasted $120 million in revenues for 2022, with a $23.1 million net loss. In 2023, it ceased operations.
Glenn Gonzales
Jet It uses its fractional fleet of HondaJets, Phenom 300s, and Gulfstream G150s.
Jet It starts at 10 days access per year. Acquisition cost was $630,000, with a monthly management fee of $4,500, and an hourly rate of $1,600.
Jet It offers fixed hourly rates. The hourly rate was $1,600 per hour, excluding monthly management fee and cost of acquisition.
The Jet It website is no longer active.
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