RE: Jet Republic collapses

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FlightBot Posted: Thu, Aug 20 2009 2:10 PM

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Flightglobal:

European fractional ownership start-up Jet Republic has collapsed following a decision by company shareholders yesterday to withdraw funding....

Author: Kate Sarsfield

Date: 20 August 2009

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Maverick replied on Thu, Aug 20 2009 2:24 PM

 Jet Republic was a great romantic idea but in the current economic conditions it was always going to be a struggle and i guess this has been realised. Fractional ownership means that you are relient on there being a lot of money around, and this just isn' t the case.