DayJet — the “per-seat on-demand” air taxi that plans to begin service later this month in Florida using Eclipse 500s – on Tuesday announced it “has closed debt facilities totaling $140 million” for the acquisition of its very light jet fleet. Perhaps shedding some light on the company’s previously and widely reported “orders” from Eclipse, the company stated, “The facilities include senior debt on the aircraft and financing of pre-delivery deposits.” DayJet has so far raised more than $200 million pre-operational dollars in anticipation of services yet to be provided with aircraft yet to be delivered for a VLJ air-taxi market yet to be proven in practice. Securing debt facilities allows DayJet to continue its “uninterrupted growth” in anticipation of providing services when it launches commercial operations “in the coming weeks.”
DayJet Facilitates Its Debt, Pre-Operational Growth
Key Takeaways:
- DayJet has secured $140 million in debt facilities specifically for the acquisition and financing of its Eclipse 500 very light jet fleet.
- This funding is crucial for the planned launch of its "per-seat on-demand" air taxi service in Florida, for which the company has raised over $200 million in pre-operational capital.
- The debt agreement clarifies the nature of DayJet's aircraft acquisitions, covering both senior debt on the aircraft and financing of pre-delivery deposits.
See a mistake? Contact us.
