Tue, Aug 07, 2007
In Preparation for Service Launch, DayJet Secures $140 Million
in Debt Financing
DayJet Corporation has closed debt facilities totaling $140
million for the acquisition of its fleet of Eclipse
500™ VLJs. The facilities include senior debt on the
aircraft and financing of pre-delivery deposits. Combined with
previous rounds of private equity financing, DayJet has raised more
than $200 million to date, reportedly placing it among the best
capitalized pre-operational passenger air carriers in American
aviation history.
“Securing this initial debt facility is a significant
milestone for DayJet, as it enables us to continue the
uninterrupted growth of the world’s first commercial VLJ
fleet,” said Ed Iacobucci, DayJet president and CEO.
“This new fleet, in combination with our continued success
in recruiting and training a team of exceptional aviation
professionals, keeps DayJet on target to launch commercial
operations in the coming weeks.”
DayJet’s “Per-Seat, On-Demand” jet service
will be operated by DayJet Corporation’s wholly-owned
subsidiary, DayJet Services, LLC, a registered air taxi operator
under the DOT’s regulations and the holder of an FAA Air
Carrier Certificate authorizing on-demand operations under Part 135
of the FAA’s regulations under Title 49, Subtitle VII, of the
United States Code (Transportation Code), and any statements made
in connection therewith are subject to the receipt of operating
authority for the Eclipse 500 aircraft from the FAA under the
Transportation Code.
DayJet's “Per-Seat, On-Demand” jet service is
uniquely tailored to each customer’s individual schedule and
priced starting at a modest premium to full-fare coach airfares.
Headquartered in Boca Raton, Florida, DayJet has developed this new
industry’s first real-time operations system.
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