Business & GA

DATE:20/08/09
SOURCE:Flight International
Jet Republic collapses

European fractional ownership start-up Jet Republic has collapsed following a decision by company shareholders yesterday to withdraw funding. Lisbon, Portugal-based Jet Republic was launched in September 2008 on the back of a record order for 110 Bombardier Learjet 60XRs valued at $1.5 billion.

The first mid-size aircraft was scheduled for delivery in October.  A formal statement is expected to be issued by the company later today.

Jet Republic
 © Jet Republic

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Jet Republic was a great romantic idea but in the
By Maverick 20/08/2009 14:24:47

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