Ownership and Secured Debt
New York-based LoJet Holdings LLC is listed as the sole secured creditor, holding a 44.3% ownership stake and owed $26.5 million. Gonzalez retained 26.8%, while Vishal Hiremath held 20.1%. Lockstep Ventures Fund I owned 5.5%, with Microrapter LLC and Wyandanch Partners LP each holding 2.75%.
As the liquidation process unfolds, Jet It’s story stands as a cautionary tale — a reminder that in aviation, as in flight, rapid ascent without sufficient lift can end in a hard landing.
