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. 

FMI: www.dayjet.com