Long after its aircraft were grounded and hangars fell silent, Jet It has formally landed in bankruptcy court. More than two-and-a-half years after shutting down operations, the once fast-rising private jet operator has filed for Chapter 7 liquidation, closing the book on a growth story that burned bright — and fast.
Jet It’s 111-page bankruptcy petition was filed Dec. 24, 2025, in the U.S. Bankruptcy Court for the District of Delaware. The filing lays bare a company weighed down by $36.2 million in liabilities, including $9.7 million in unsecured claims.
From Disruptor to Debtor
Founded in 2018, Jet It launched with a fractional ownership program centered on the HondaJet, marketing headline-grabbing rates of $1,600 per flight hour — a figure that excluded monthly management fees and ownership costs.
The low-price model fueled rapid expansion. By 2022, Jet It ranked as the 12th-largest private jet operator in the United States based on charter and fractional flight hours, up from 21st place just a year earlier. Flight hours surged from 11,290 in 2021 to 18,500, and the company expanded beyond U.S. borders into Canada and Europe.
But the growth proved fragile. Jet It ultimately ceased operations, becoming the second former top-15 U.S. operator this year to file for Chapter 7.
